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Capital One Layoffs More Than 1,100 Employees

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The company eliminated hundreds of positions in technology this week, a result of the credit-card company investing years of money in systems designed to boost its effectiveness.

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More than 1,100 employees were affected, according to an individual familiar with the issue and did not want to be identified speaking about a personal matter.

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These employees were invited to apply for different jobs at the bank, with hundreds of positions available throughout the organization, Capital One said in an email message sent to employees on Thursday.

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