Topics regarding layoffs at Capital One

Topics regarding layoffs at Capital One

Quiet quitting at C1

With all the layoffs and back to office cr-p it has created so much low morale that associates are doing quiet quitting working enough to keep their jobs, there are no new ideas being discussed, it has become a really bad place to work.

Silent Layoff of Project Managers

After laying off Agile Deliver Leads now C1 is silently laying off Project Managers and having Product Owners take over that role, this is crazy, the Capital One soon going to go down. If you are a Project Manager in C1 please be cautioned you may... — read more 

They should terminate 50% of Director level and above

Morale is so low that they did not have the courage to share the results of the all associate survey, employees are seeing one bad news after another, layoffs, profitability declining, share price crashing and now hybrid bad news from all side, only... — read more 

Severance Payout

I know they said severance can take up to 60 days for the lump sum. Anyone know what is a more realistic time frame?

Journey without ADLs

It has been nearly three months the teams have been operating without ADLs, just want to understand how the journey has been, has the morale and productivity improved, are teams delivering more work and the teams feel empowered and happy. Do the... — read more 

RTP Bust

In a meeting about return to office for 3 days. A VP living in Virginia complained he moved further away from an office during the pandemic. She was saying the commute fixing to be difficult. As long as everybody goes unto the office it should be no... — read more 

Associate ADL job opening at C1

Last week C1 posted a job opening for Associate ADL, is this a joke first C1 eliminates the agile job family lays off all the ADLs and in two months start posting jobs again, have they gone crazy what happened to TPMs

TPM looks like they are similar to ADL role

In my LinkedIn feed saw a person who just got hired as Senior Manager TPM, he is an internal hire, and what surprised me was he is more of a delivery person with lots of agile certification, I felt sad that many ADLs could have transitioned to this... — read more 

A drop in productivity

I would have nothing against coming to the office if the reason for it was justified. Do our bosses even care about how it affects our productivity? Since returning to the office many of my colleagues are doing the bare minimum only and if I were... — read more 

Performance Management

Beware of Cap1's Performance management system. The company states that they want to be a great place to work, but then they have an outdated performance management system that is highly subjective and where your rating is based on your relationship... — read more 

Hybrid work

Some people have a 2 to 3 hour commute into the office each way even using public transportation. These groups primarily work with virginia people. They're definitely trying to get people to quit by forcing them into 5 hour round trip commutes to... — read more 

No good news from here

I'm trying to remember the last time some good news came out of here. Unfortunately, this is becoming a less and less tolerable workplace for employees. The problems just keep piling up. What do those at the top think they will achieve by... — read more 

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| 1300 views | | 1 reply (April 10, 2023)
Post ID: @OP+1m4jVSP8

Walmart sues Capital One

Walmart sues to end partnership contract. Capital one decided to end overdraft costing the company 200 millions, banks are struggling with high interest rates, now Walmart is ending their partnership with Capital One. Capital One seems to be in... — read more 

It's not just the layoffs

Capital One had problems long before we started having these layoffs. The biggest one is probably the lack of opportunities for career advancement within the company. Unless you're near the very top, there's a noticeable absence of inward mobility... — read more 

Nothing but lies

I think the frustrating thing is that Cap One has publicly and internally said they will “help redeployed folks find roles internally” and have even said there are enough internal open roles for folks who want to stay. That messaging combined with... — read more 

Technical Program Manager (TPM) hiring in C1

I see lot of job postings for TPMs Director and above, please do not hire these people to layoff others, it is better that you give these positions to internal resources. There are lot of technical Leads not utilized fully, better to give these roles... — read more 

Layoffs clown show

They layoff employees regularly but still do not have process sorted out, do not know if I have to ship only the laptop or the peripherals as well, how to access workday, how to return the phone etc. They have hired jokers as people manager who know... — read more 

I don't remember morale being lower

Maybe those who have been here longer have seen worse times than these? I definitely don't remember morale ever being as low as it is now.

Silent Layoffs in Capital One

Capital One is silently laying off people, they are doing smaller number like couple of teams every day so that they do not have to make announcements, couple of Cyber teams got laid off couple of days back. This is pathetic so petty, do it once for... — read more 

ADLs last day in Cap1

Today was the last day of ADLs in Cap1, attended couple of farewell meetings, teams are really struggling, they are still trying to make sense of the decision. I feel this decision brought the morale down as ADLs were the only people working for the... — read more 

Too many organizational changes

C1 lacks stability, there is so much Organizational change that happens, it is difficult for employees to keep track. So much organizational change is not good for the motivation of the employees, they just do something to keep themselves busy and... — read more 

In office hybrid work is now expected

Beginning May 2, associates it is expected associates go into office 2 to 3 times a week to be in hybrid mode. Basically tuesday, wednesday, thursday are the days asked to be at work. They're saying its pointless for those to go into the office when... — read more 

capone is next credit suisse

https://seekingalpha.com/article/4589433-watch-out-below-capital-one Summary Capital One's Credit Default Swaps are surging in price, indicating a significant decrease in investor confidence. Capital One has more available for sale securities than... — read more 

Redeployment Joke

In one week’s time the laid off ADLs will be terminated, applied to nearly 20 plus positions internally but was rejected, tried to set up meetings with the internal hiring manager and the recruiters nobody responded, never thought that the company... — read more 

diversity inclusion belonging

Today it was announced that the c1 the head of diversity, inclusion, and belonging (DIB) who is a black lady was leaving the company. Her replacement at C1 is another black lady. This is after we learned that C1 had been laying off members of the DIB... — read more 

Layoffs in Big tech and C1

We all know that big tech is laying off in 1000s, but did anybody ask why did they over hire in the first place? a billionaire commented that the engineers who got fired were doing fake work. One of the reason this happened because they got rid of... — read more 

It is a total mess

Someone wrote the other day that when you hire top management who doesn't understand the ground realities you should expect a total mess like this, and that they are doing a poor job cleaning it. It was on a thread about TPMs, but I think the same... — read more 

upsetting

I had a newly hired product manager contact me to ask questions about developing a product strategy for an application. I have no involvement in product managment. He told new this is his first product job and wanted me to identify customer... — read more 

Being Prepared

Something I learned over my career. In a capitalistic society companies will do what is best for their investors. They will hire more people when there is money to be made and they will layoff people when there is a downturn. I think we the employees... — read more 

Back to the office is coming!

Get ready for the announcement, executive management will require associates and contractors back in the office 2 days a week, this will be their way of getting people to quit. You heard it here first, good luck!

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