Topics regarding layoffs at Capital One

Topics regarding layoffs at Capital One

CP and two weeks notice…

Texan C1 peeps: putting in a two weeks notice to have last day as March 8 during a coaching plan… too risky? Potential to just get fired? Does full PTO get paid out? Do you get to keep health insurance through the remainder of the month (March)? I... — read more 

C1 severance agreements cannot ask for employees to waive their labor rights and freedom of speech in EXCHANGE FOR RECEIVING SEVERANCE AGREEMENT

This is the National Labor Relations Board announcement for federal enforcement in stopping companies from offering severance benefits, in exchange for employees to waive their labor rights and their freedom of speech to talk negatively of the... — read more 

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| 1400 views | | 7 replies (last February 12, 2024)
Post ID: @OP+1qRhoq03

CP = unbearable micromanagement

I’m on day 1 of my coaching plan and my PL is already micromanaging me and criticizing every single thing that I do and I can’t take this anymore. I genuinely feel like I’m going to explode from the stress. I know they’re trying to get me to quit... — read more 

Coaching plan vs PIP

What’s the difference between the two? Is there anyway to get a payout if given a coaching plan? I have no desire to stay or work for this micromanager and you can probably imagine how painful a coaching plan would be with an annoying micromanager... — read more 

FRP

I am in the finance rotational program (1st rotation) and honestly I am going to leave when my first rotation ends. This company is a total shitshow and the way they treat their employees is messed up. Total opposite of what I expected. I know... — read more 

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| 1480 views | | 5 replies (last January 25, 2024)
Post ID: @OP+1qJpcUIi

stack ranking conundrum

A group of managers were huddled in a meeting to discuss employee feedback and it was a sign of a showdown with the company. Employees described a lack of trust in leadership and poor morale due to random and unjustified firings due to stack... — read more 

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| 2270 views | | 9 replies (last January 29, 2024)
Post ID: @OP+1qJ8bqwg

If you're thinking of leaving....

A little encouragement for those thinking of voluntarily leaving, before getting bad news. I left a year ago and it was the best decision I made. For anyone considering it, you can do it! Jump in feet first and go somewhere else. True, it takes... — read more 

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| 1720 views | | 4 replies (last January 24, 2024)
Post ID: @OP+1qGfo8PI

Capital One Logic

Hey there, we just laid off a good chunk of people in your department, here’s an insulting $25 gift card. LOL. Keep it and shove it up your @ss or put a couple 0’s behind it. Wanting praise like you’re doing anything. Comical and delusional, but... — read more 

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| 2440 views | | 8 replies (last January 25, 2024)
Post ID: @OP+1qv7hYOb

Layoffs in January / February

I was told that we might be having layoffs more towards February by someone close to the process. Crazy right? I swear mgmt literally is going to cull all innovative thinkers from this place bc who wants to stay in this chaos . Can't wait to leave

Can you get unemployment if laid off?

I’ve heard conflicting info about whether or not you can file for unemployment if you are laid off. Anyone know the real story? Can you only get it if it’s job elimination or if it’s “performance” related too and you’re on a CP or PIP? Also, is the... — read more 

Quote from a successful billionaire

"great companies create environments that reduce unnecessary stress of their employees" I think we know that means Capital One is so far from great. I have never seen or heard such stressed, uncomfortable employees. One giant t@rd.

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| 800 views | | 1 reply (January 5, 2024)
Post ID: @OP+1qqraXt9

Worried about year end feedback

It’s the new year and time for leaders to give year-end feedback to their people. When does that take place exactly? Is it mid or late January? I wonder how many people will get put on coaching plans, PIPs or redeployed like at mid year. I was put on... — read more 

Stock options

does anyone knows if Capital One includes associates unvested stocks as part of their severance package after pip or layoff? I’m hearing conflicting stories about this.

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| 1580 views | | 5 replies (last December 22, 2023)
Post ID: @OP+1q92jHrA

Short Term Disability/Severe Burnout

I am experiencing severe burnout and mental exhaustion from working here. Thankfully, these next two weeks are quiet, but I’m debating taking FMLA/STD in January or February. I am having a mental breakdown and this job is causing me to move away from... — read more 

PIP Opt out

For those who opted out, and didn’t find a job within the 60 days. How are you explaining the “why are you looking to leave or why did you leave your last job” question in interviews? Are you calling it a layoff? I’m outside of the 60 days so I’m... — read more 

PIPs and Firings in Full Swing

I found out today 3 people who were basically strangers had been put on coaching plans and PIPs. We shared information in an office and thats how i found out. I was also targeted and fought and screamed like a mad dog. We work for different... — read more 

The Reality

The Reality (& encouragement for those being asked to leave the company or who are fearful of what is to come). If you are experiencing what feels like a bizarre layoff or an unjustifiable “below strong” / PIP, please recognize that this is actually... — read more 

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| 2520 views | | 6 replies (last December 24, 2023)
Post ID: @OP+1pTGohm1

You know what I realized?

I'm no longer as worried about layoffs as I once was. Part of me is now low-key excited about the prospect of being let go. While I like my work, CapOne has done everything in its power to make it unnecessarily harder and less appealing. What does it... — read more 

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| 2200 views | | 6 replies (last December 1, 2023)
Post ID: @OP+1pPj2rIm

Scared of YE results

Really scared of what kind of message I’d get in January and what that might mean…prepping my resume and preparing for interviews but can’t shed this deep sense of dread that’s eating away at me everyday…

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| 1730 views | | 5 replies (last December 5, 2023)
Post ID: @OP+1pOOhPth

most important thing is your humanity?

https://www.gsb.stanford.edu/insights/richard-fairbank-nobody-wants-work-phony The fake crying went way back. * Richard Fairbank: "Nobody Wants to Work for a Phony" The Capital One Financial Corp. founder says it's not what's in... — read more 

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| 2160 views | | 4 replies (last December 5, 2023)
Post ID: @OP+1pLgWScO

DOCUMENT EVERYTHING

Same story — after all VS / Exceptional Ratings and promotions, I was given the heads up from my manager that I was going to receive a BS / PIP at MY. I immediately produced comprehensive documentation (compiled dated and timestamped events... — read more 

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| 2730 views | | 7 replies (last December 2, 2023)
Post ID: @OP+1pKQNuBS

love thelayoff.com ❤️

I love thelayoff.com it has all the juicy insider tidbits I can't find anyplace else. This company should do an IPO.

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| 1150 views | | 2 replies (last November 22, 2023)
Post ID: @OP+1pHFEloo

Specialty Funding!!!

Hi fourth quarter layoffs!!!!! After being with COAF for 12 years I got laid off a week after my anniversary. We were busy, OT was being offered, they were even training new hires… Little did we know those five back to back training classes were... — read more 

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| 2180 views | | 5 replies (last December 30, 2023)
Post ID: @OP+1pHiTelH

More layoffs by way of PIP coming along

Going to be another painful year with performance review being harsher than mid-year. Anyone below strong will automatically be placed either on a coaching or PIP plan.

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| 2260 views | | 8 replies (last November 29, 2023)
Post ID: @OP+1pGw5Pcv

absurd and incompetent

When the Agile Delivery Leads which had over a 1,000 people get fired in January of 2023. The product managers and engineering leads were supposed to take over. NOW THEY ARE ASKING EXECUTIVE ASSISTANTS TO MONITOR JIRA BOARDS TO MAKE SURE THEY'RE UP... — read more 

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| 2150 views | | 8 replies (last November 25, 2023)
Post ID: @OP+1pFcFWSR

Layoffs in Commercial

Heard murmurings about layoffs in commercial this week. Any info on number/job families affected?

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| 1920 views | | 3 replies (last November 17, 2023)
Post ID: @OP+1pDQrn2I

Discouraging movement

I was recently informed theres been a change in Workday where now if you apply to a new team or role within C1, it automatically notifies your direct manager. Ive discussed this with friends and they agree a built in policy of retaliation like this... — read more 

C1 sued by savers

Capital One Financial is being sued by savers who say they were tricked into thinking that they were earning the highest rate available from the company's online banking... — read more 

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| 1730 views | | 5 replies (last November 13, 2023)
Post ID: @OP+1pwePkh5

Capital One Firing Firing and Firing

After 19 consecutive of very strong, exceptional reviews, i was put on a pip. The platforms i’ve created have enabled many people to get promoted including members of my management. This is shocking but it’s all good. God is in control. Good Luck... — read more 

Recent Glassdoor 1 star reviews

https://www.glassdoor.com/Reviews/Employee-Review-Capital-One-RVW81499113.htm 0 Nov 2, 2023 Jobs shipped offshore Funding Analyst Former Employee, more than 10 years Plano, TX Recommend CEO Approval Business Outlook Pros Great Benefits and great... — read more 

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| 1600 views | | 3 replies (last November 7, 2023)
Post ID: @OP+1ptc4Brt

Get ready campers….for layoffs this week

This week will kick off yet another round of layoffs. You know it was coming so don’t act surprised. This company loves to layoff during the holidays…When it is easy to find a new job….NOT.

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| 2560 views | | 6 replies (last November 9, 2023)
Post ID: @OP+1ptcbfa5

CBT on harassment at c1

They required us to take a CBT on workplace harrassment this quarter and told we should go to HR if we are harrassed. But the stack rankings and false reviews leading to PIPs are harassment and initiated by HR. How us this even possible???!!! I went... — read more 

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| 1490 views | | 3 replies (last November 8, 2023)
Post ID: @OP+1pt3BVR3

Remote hirings being told to come in

So, the open job reqs throughout the time of covid were marked clearly as Remote, but now those same people are being told they are required to come in. How are you going to hire, likely 500+ people, as Remote and then turn around and say you're... — read more 

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| 2710 views | | 8 replies (last November 21, 2023)
Post ID: @OP+1poD74pQ

Capital One Auto office closure

https://www.autofinancenews.net/allposts/risk-management/capital-one-auto-finance-shutters-western-regional-buying-center/ Normal timing for Capital One Auto, would be surprised of there are not more layoffs in sales and originations over the next... — read more 

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| 1930 views | | 2 replies (last November 2, 2023)
Post ID: @OP+1po9S0FM

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