Capital One Financial, which bought the credit card operation of the former Cabela’s, said 153 employees in Lincoln, NE, will be laid off. In June, about 450 people had been working in Lincoln, NE, servicing the customers of the Cabela’s CLUB card, according to the Omaha-World Herald.
Remaining employees would continue to focus primarily on Cabela’s customers. In June, about 450 people had been working in Lincoln, according to the Omaha-World Herald.
According to the Lincoln Journal Star, Capital One filed a notice with the Nebraska Department of Labor last week regarding plans to lay off 153 people in 61 different job titles within the next several months. The notice said the first separations would take place December 7.
As part of Cabela’s $5 billion sale to Bass Pro Shops last year, its World’s Foremost Bank subsidiary was sold to Synovus Financial, which in turn sold the Cabela’s credit card portfolio to Capital One.