Capital One Plans to Fire 26 in New York Operations Center

Capital One Financial Corp. (COF), the bank that gets more than half of its revenue from credit-card lending, plans to dismiss 26 employees later this year at a facility in Long Island, New York.

The cuts are expected to occur in the fourth quarter at an office in Brentwood, about 45 miles east of Manhattan, the McLean, Virginia-based bank said today in a notice with the state Labor Department. The dismissals are tied to a decision to outsource the firm’s “cash vault” function in New York and New Jersey, Julie Rakes, a company spokeswoman, said in an e-mail.

To contact the reporter on this story: Dakin Campbell in San Francisco at

To contact the editor responsible for this story: David Scheer at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.