McLean BizBuzz
McLean BizBuzz: Capital One Plans Layoffs, Local Companies Win Contracts.
McLean Business News
Capital One McLean-based Capital One, in a move to make its operations more efficient, announced last week that it will lay off 80 employees from its Bethesda office by early November. The Bethesda office joined Capital One when the McLean banking giant acquired Chevy Chase bank in 2009. The Bethesda location was primarily a home mortgage office, according to a story in Maryland’s Gazette.net. Capital One planned the closure in order to “consolidate its existing home loan sites,” according to Julie Rakes, a spokeswoman for Capital One. Rakes said that employees will be given “at least 90 days’ notice of losing their jobs, plus severance packages and help finding another position.” Related story: Capital One to Pay $210 Million for …
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