Employees of Capital One in Sioux Falls learned Thursday that they will be without a job by the end of the year.
"We have made the difficult decision to close our Sioux Falls site by the end of 2015 and will be moving the work to our other locations within our network," company spokesperson Julie Rakes said in an email to KSFY News Thursday afternoon.
Rakes says the company is shifting it's call center strategy to allow the company to become nimble, flexible and scalable to meet our customer needs.
The call center currently employees 750 employees.
Employees are being given at least 90 days' notice. They also have the opportunity to apply for other Capital One roles for which they are qualified. If employees chose not to stay with the company, they will be eligible to receive a severance package, including retraining assistance and outplacement services. Career placement assistance will also be provided.
Capital One entered the Sioux Falls workforce in 2012, when they merged with HSBC. It was the first time the company had done business in the state of South Dakota. At that time, the company also announced plans to add 400 news jobs.