Topics regarding layoffs at Discover Financial Services

Topics regarding layoffs at Discover Financial Services

Let's Pretend We Didn't See It Coming?

Is this another case of "let's pretend we didn't see it coming"? I took a look at the P/E graphs and it certainly looks like we are headed into dangerous territory--along with reduced resources and climate chaos. But it's hard figuring out how to... —  read more 

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Post ID:  @OP+1f5L8pBV

Voluntary packages??

Any word on voluntary packages if hq employees can’t (or don’t) want to return to Riverwoods? Clear Rog is going to require most everyone back for at least two or three days a week.

Shameful behavior

I don’t know why I didn’t catch this until several hours after the announcement, but when I realized this had nothing to do with covid19 or the economy (as Roger’s email made clear) and was just part of Amir’s reorganization I was p-ss-d. Same... —  read more 

Upcoming cuts

Layoffs will continue through 2020, 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 stagger... —  read more 

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Post ID:  @OP+12rEiUbb

2018 Recent Layoffs

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 

The best place I ever worked for

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 

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Post ID:  @OP+PLINycZ

IT and Layoffs

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

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Post ID:  @OP+wJ2BLxP

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