Word is a number of people within the Riverwoods BT organization have been let go today.

Yes, layoffs will continue through 2019, Discover is experiencing industry burnout, no new innovations, leadership is weak, areas of business that are not profitable, Diner's club diluted brand, network issues, to name a few. They will continue to... —  read more 

If there will be no Discover Financial Services Layoffs in 2019 please say so?

Why no layoff news here for Q3? Anyone?

Verified-Both E Business and Acquisition departments experienced laying off of 33 people total on October 9th 2018 due to job being eliminated. This represents sweeping layoff throughout 2018 for Discover Financial Company, starting with INCITE... —  read more 

To my knowledge (and since I just got exited Thursday), there have been three rounds of layoffs so far this year. 1) ~50 BT Contractors were let go 2) Around 20 in the Marketing Products and the Innovations team were let go two months ago (canned two... —  read more 

Watch for a cost-cutting initiative yo be announced in the 3Q earnings call on Tues 10/24... Found this is an old thread, but it was posted yesterday. Does anybody know more about this? We've been expecting an announcement on layoffs for a while now... —  read more 

Discover has a ton of issues but overall it's by far the best place I ever worked for. I've been working in the Financial Service industry for almost 30 years now. Good luck to all, there are no layoffs that I am aware off (this is as of October... —  read more 

Any updates on layoffs in Riverwoods.

Do you have more details about job cuts in Riverwoods.

What is the likelihood of Discover Financial Services layoffs in Riverwoods in 2016? Please let me know if you have any information.

I heard that we might be having a reorg and job cuts / RIFs in Q2 of 2015 - is this something reliable?

IT is always targeted due to high compensation. This is not specific to Discover, all companies always target IT as IT is a large cost center

20 folks from IT will be let go