Less than 24 hours after Capital One's take-over of the former HSBC office at Schilling Place in Salinas, the financial giant announced Wednesday that they will be closing the credit card processing facility and laying off its 850 employees.
A statement released by the company cites "long-term goals" and "the needs of our customers" as reasons for the closure. Although the company hasn't given a firm date on the shu down, the statement reads: "Some of the work will begin exiting sooner and the timing will vary by department."
The release thanked Salinas Mayor Dennis Donohue and the city for "being there every step of the way with us," and went on to assure: "Capital One is committed to continue working with the Mayor and his team in crafting an effective response over the next couple of years to mitigate the impact of this decision and strengthen the economic well-being of the community."
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