This is a generic discussion thread to capture comments about potential Capital One layoffs? Any chatter, news or rumors?

That would save money on severance pay and I still think that is the main focus now: to create enormous pressure and make as many people as possible leave voluntarily. Many will certainly do it, but there are many of us who would not want to miss... — read more 

Are more layoffs coming? It's hard to feel comfortable in my role and keep my mind on work because I keep thinking that more layoffs are inevitable. How much slower can it get? And then in February I'm sure we'll hear all about our record profits... — read more 

I just started on the banking side, wondering if I will be layed off

Even if I survive these cuts, my priority will be to get out of here. The lack of job security is the primary source of stress for me and working hard to increase your chances of survival is almost meaningless when it comes to cuts here.

I think I looked more shell shocked than some people who were affected. The reason is that these people who were cut were some of the best employees. Is it possible that this company no longer needs talented and capable people? All in all, very... — read more 

I heard that this is just the beginning and only the first round.

Yesterday 11/9 they called us into a zoom meeting and let us know we were cut. Most of our team was decimated. Recently the apps were slowing down,so perhaps looking back the writing was on the wall. From my experience capOne was full of suck ups who... — read more 

Today they laid off 5 managers and 4 managers from yesterday. Two associates from another department. Multiple specialty and core funders. They released people based off PIP, below strong and favoritism.

I hope it stops here but the recession is upon us.

Yesterday management in auto finance with capital one got laid off. About 5-6 total. Today additional zoom invites have been sent out for funding coordinators and specialty (more of funding) as well as sales teams in auto. They’re told in two... — read more 

Layoffs are coming in Auto. Specific cuts are not yet decided, but tech and Directors are being talked about. Impact is big. Timing is not known.

It's year end calibration and everyone is asking those they know to give them good reviews so to stay alive during forced ranking for end of year reviews. Many executives in IT and Cyber and Risk are completely unqualified and never had the... — read more 

"In August, card issuers delinquency and charge-off rates continued to slowly increase. Wall Street analysts have warned that the first signs of danger are likely to come from Bread Financial (NYSE:BFH) (formerly Alliance Data Systems) and Capital... — read more 

All the major banks have had significant layoffs in the last several months. I'm thinking we might be the next on the list. And no, for those who want to claim we're a technology company, we're still a bank first and foremost. And banks are currently... — read more 

I'm about to leave this place just out of pure frustration. I feel like I'm just wasting my time, because no matter how hard I try, I can't get a promotion. The manager only makes empty promises. How many people here managed to progress with... — read more 

As a potential employee reading through these posts one has to wonder if this site just attracts the disgruntled. Could a big company like Capital One really be so dysfunctional? Are the surveys all wrong that this company is one of the best places... — read more 

Their is a documented rule if you are new you can't be promoted unless you've been there for 2 years. Also, you can't do skip level promotions, ie, skip a level even if you're justified. So the corrupted SOBs got around that by promoting their... — read more 

Apparently there’s some archaic HR rule that you can’t switch into a higher level position until you’re promoted to that position. Even if you are qualified. While HR and the managers from both teams argue it out, the person has already left for a... — read more 

Problematic leadership from the top down. Lethargic leaders who camp out for years on end without fresh blood. Enabled to push woke agendas, especially in “strategy sessions.” Complete slobberfest between Z and Devo. Big time echo chamber. No wonder... — read more 

It’s everywhere. Started right before COVID and took a nosedive over the last two years. Raises didn’t keep up with inflation. You literally LOST money if you had less than an 8/9% raise. Capital One is an incubator company: come in for a few years... — read more 

Thy reason why there is so much attrition and particularly in the technology side is because staff at management and individual contributor levels are grossly incompetent. I'm surprise the OCC regulators haven't given them more fines besides the... — read more 

Notified today there are layoffs coming in the fraud department. Find out more tomorrow.

https://www.forbes.com/lists/americas-best-banks

C1 is famous for its performance evaluation system that it borrowed from GE and look how it affected GE :) The other part that no one talks about here are the extreme cliques that pile up on talented people till they leave the company on their own... — read more 

Received a job offer but wasn't told the COVID 19 protocol, I guess because people are still working from home for now. Is it vaccine requirement? Masking still in the office? Testing weekly?

https://www.drucker.institute/2021-drucker-institute-company-ranking/

Title. I got an offer to join Cap one thourgh the CODA program. Basically I do a corporate webdev bootcamp then go full time TDP. But I find it hard that a walking tax credit would actually get full time employment in a role that actual compsci/... — read more 

Share any updates you may have about Capital One layoffs? Any chatter, news or rumors?

This place is like working in Panem, you're going to be in a Hunger Games contest with your co-workers. It's easily the most backstabbing shithole I've ever worked at.

How come I keep hearing about people who were laid off a week ago, a month ago, two months ago, and so on but from what I can tell, there were no major layoffs since June? Is this about different last dates or are there smaller layoffs happening all... — read more 

Don't be one of those people who wait to be laid off before looking for work. You'll never have a better chance to find something new than when you're already employed. There is no urgency to accept something that might be below your standards like... — read more 

I was told by someone that the severance pay would be Sept 21-24th. Can anyone confirm this on this page? I haven't gotten anything and wanted to confirm with others

I always wondered how much truth is there in the "Toxic?" thread Post from TheLayoff.com Have experienced it first hand I would say it is definitely not toxic, it is super toxic. The whole system is gamified. Performance management is a joke... — read more 

Trying to figure out how much my severance package will be and when I will receive it if my notice was June 2021 and last day September 7, 2021? Was acquired from HSBC over a handful of years ago and said would include years of service from HSBC that... — read more 

Capital One laying off 174 remote workers managed from West Creek Capital One, the Richmond region’s largest employer, is slashing dozens of jobs that are a managed out of its massive West Creek campus in Goochland... — read more 

More consolidation using covid as the excuse. The good old “do more with less” philosophy is back as they prepare for the unknown future. Wall Street will gut people like a pig to increase the dividends and stock prices. The # of employees has not... — read more