Capital One cutting 180 jobs in Baton Rouge

Capital One Financial Corp. said Wednesday that it will eliminate 180 jobs at a Baton Rouge telephone sales and loan processing service center.

The McLean, Va.-based banking and credit card provider is consolidating the functions of telephone sales to small businesses, consumer sales and loan processing operations now handled in Louisiana to centers in the Dallas suburbs of Irving and Plano and Laurel, Md., said Capital One spokesman Steven Thorpe. About 70 percent of the layoffs will occur in mid-July, with the remainder scheduled for November, Thorpe said.