I don't have much optimism that there won't be another round, but that's just my opinion.
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I was there when the Capital One cult were chanting 'We are a bank now. We are a bank now."
Now they apparently fancy themselves a tech company. That is their issue. They follow fads and refuse to realize they are a credit card company first and for most.
The reason for layoffs is rising costs but also hiring incompetent people from Amazon, Capital One hired VP ML from Amazon Alexa division, a colossal failed division of Amazon, when you hire and elevate such people what can you expect, chaos… soon CAP1 will also be headed in the same direction as Alexa of Amazon, do Google and read about Alexa an eye opener!
Probably. Q4 earnings were missed due to rising credit delinquencies. Which itself is a signal that the economy is starting to sour.