Topics regarding layoffs at Capital One

Topics regarding layoffs at Capital One

Don’t go quietly. Reach out to business journalists

Capital One would love for all these layoffs to be swept under the rug and kept quiet. Do some digging and find who’s written about Capital One layoffs in the past and reach out to them. Business journalists would love to publish articles that show... — read more 

People are very upset

The lack of transparency once again indicates how much we are neither respected nor valued here. Fake PIPs and layoffs which they try to keep behind smoke and mirrors raise nerves and certainly reduce productivity. They don't seem to be aware of... — read more 

This is just the start

This is just the beginning. There are going to be so many more firings and layoffs as all the groups get to the staffing levels set for next years budget. This is what everybody should take into consideration. There will be no "safe" here for... — read more 

What other departments will be impacted?

Does anyone know the full extent of the layoffs this week or if any additional departments will be impacted such as originations in Auto Navigator or Refinance? There were some big ones a few months ago... not very good!

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Post ID: @OP+1n6fhMjb

Any ideas of full scope?

I’ve been around for a while and seen multiple different layoff and reorg type situations firsthand, but never one that has been so closely guarded and vague. How many folks? What teams? What is the business impact here? Several meetings throughout... — read more 

June 2023 layoff

Lay off. Called into a meeting and let go so our jobs could be sent offshore. It was billed as an important meeting to discuss confidential business information. No clue I was losing my job. We support customer facing associates and they were left... — read more 

Layoffs today in Small Business

Multiple cuts today in the Small Business Org (originations, project management, L&D, and more). The entire project and process team was eliminated. The entire L&D team was eliminated and more than half of the originations team. This is just the... — read more 

disgusting strategy sessions

I deleted the invite for Rich's strategy session. But my team in slack talked about how Rich was emotional and crying AGAIN like past sessions. This cult leader was telling his devotees that Capone is a humane company delivering a mission based... — read more 

OneAWS

I think we can consolidate all of Capital One's technical projects into one project - One AWS. That we we won't have teams running around building OneService1, OneService2, ... OneServiceN. This will be very efficient too - just ask AWS to create an... — read more 

Is anyone still putting in effort?

It's become very depressing here. For those who are not brown nosers, times are more difficult than ever. I used to really love my job and give my best, but instead of being rewarded for it, I was squeezed. There are more and more people who... — read more 

Rich strategy sessions

I am curious what is Rich is going to talk about in his strategy session, it is so much waste of time, holding more than 20,000 employees hostage for 20 hours, waste of 400,000 person hours, if on an average cost is $100 per person hour, $40,000,000 ... — read more 

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 

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