"The Agile role in our Tech organization was critical to our earlier transformation phases but as our organization matured, the natural next step is to integrate agile delivery processes directly into our core engineering practices," the statement said.Bloomberg News was the first to report about the job cuts.Over the years, companies such as Capital One invested in technology heavily as competition intensified between card giants and fintechs."Their contributions have been critical to maturing our software delivery model and our overall tech transformation," Capital One said.The job cuts also come at a time when technology companies, crypto exchanges and financial firms are reducing their workforce and slowing hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in Europe."