Topics regarding layoffs at Capital One

Topics regarding layoffs at Capital One

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!

BRO?

How many people got laid off in the BRO today?

Non existent long term strategy

The teams after the ADLs layoffs have been struggling, management came out with a strategy today, looks like they are trying to figure things out. The leadership in C1 is clueless but they want to imitate big tech, change management is tough. Some... — read more 

Redeployment scam

I am in redeployment and there are no opportunities within C1, getting rejected even when I am the perfect match, where as who have friends with Senior Director or higher are getting redeployment appotunities when they even do not meet the... — read more 

very suspicious

There is no internal contact indormation for HR business partners listed for groups inside the company. So if you want to speak with one you have to ask your manager or skip level manager for the name of the person. I know why. They intentionally... — read more 

Capital One mentioned here

Target, Capital One, Amazon, Applebee's, and Wells Fargo saw biggest DEI cuts https://www.dailymail.co.uk/news/article-11724079/amp/Goodbye-anti-bias-training-DEI-teams-axed-diversity-RECKONING.html

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| 840 views | | no replies yet
Post ID: @OP+1lkd7Zvb

C1 Technical Program Manager

C1 has opened multiple TPM roles at Director and Senior Director level looking at the job description, I think the next wave of lay offs will be the engineering leads and the Product Managers, looks like TPMs will do the functions of Engineering... — read more 

#capitalone Twitter feed

When I see the twitter feed of #capitalone, it is filled with the bad experience C1 customer have, and the tweets are so unfavorable, when I worked at C1 nobody bothered about customer experience, they cared more about promotions and getting ahead. ... — read more 

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| 1050 views | | 4 replies (last February 25, 2023)
Post ID: @OP+1lkSwblB

True cost of cheaper workforce?

The leadership obviously thinks that a cheaper workforce will solve a lot of problems here. I think that a cheaper workforce will bring more harm than good. The time will show.

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| 1100 views | | 5 replies (last February 22, 2023)
Post ID: @OP+1liRDy2H

stack ranking doesn't work

https://www.business.com/articles/the-end-of-rank-and-yank-management-practices-revisited/ business.com receives compensation from some of the companies listed on this page. Advertising Disclosure b Home> Human Resources> Managing The End of... — read more 

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| 1610 views | | 7 replies (last February 24, 2023)
Post ID: @OP+1lhSIsDT

never do all associate surveys or lie

You will be asked and pressured to do associate surveys. They are never anonymous as you're identify and system is always tracked. So if you are pressured then lie and give semi positive results and don't add additional comments. Surveys are used to... — read more 

Credit card late fees

C1 is laying off because they want to cut cost, they are scared about the credit card late fees bill that Biden is proposing, if that happens the late fees will be capped and there will be revenue loss. But sadly there are other ways to cut cost... — read more 

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| 1280 views | | 4 replies (last February 18, 2023)
Post ID: @OP+1lfbbGZy

It's one thing to be laid off

It's another thing to be laid off after you've spent weeks training your cheaper replacement in another country not knowing you were training your replacement. That adds another layer to the whole thing that is completely despicable. I truly feel for... — read more 

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| 1300 views | | 1 reply (February 17, 2023)
Post ID: @OP+1lecay1C

The bad reviews are not just Capital One

I am seeing this morning that Meta had given bad reviews to thousands recently. This is just business. If you need to get rid of people, you cull the lower performers. Just because you may have been one of the folks who got a bad review and lost... — read more 

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| 1080 views | | 2 replies (last February 17, 2023)
Post ID: @OP+1leYIIaJ

More Layoffs

Huge layoff in Navigator Platform as they continue to replace us with offshore. Capital One contines to exploit cheap labor while benefiting from Americam Consumers and being bailed out with Americam Tax dollars.

How are laid off ADLs holding off

It has been 25 days since we got laid off, how are you holding up, I am still struggling and not able to come to terms with it. This is a challenging situation and I trust and believe that everyone will come out as a winner on the other side of... — read more 

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| 1580 views | | 2 replies (last February 19, 2023)
Post ID: @OP+1lal30Xv

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