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Discover’s whole student loan business will likely be sold off pre-acquisition, and those employees laid off because Capital One doesn’t want that liability.
Capital one will continue its track record of forced attrition until its books look good to support the acquisition.
Post-acquisition layoffs are likely for Discover beyond the student loan business. I can see Capital One Card business product development taking over all card product development and laying off Discover card business managers.
Discover payments network and operations will likely still be with Discover as well as the technology management.
Just from my vantage point.
Noted - will include these in my recommendations for future state org design