Capital One cutting 950 jobs in Plano

PLANO - Capital One is cutting 950 jobs in Plano.

The company announced Tuesday they will close origination in home equity and mortgage businesses along with closing down a call center. A spokesman says employees who are affected by this can apply for other Capital One roles but if they don't qualify for a new position, they will be eligible to receive a severance package.

The transition will take place over the next few months.