Topics regarding layoffs at Discover Financial Services

Topics regarding layoffs at Discover Financial Services

I was hired as an on-site employee. I got joining bonus of about 10 grand which included relocation disguised as joining bonus.

I’m on vacation for few weeks now. I was hired as a Chicago on-site employee. I got joining bonus of about 10 grand which included relocation disguised as joining bonus. I did not relocate and stayed east coast . The tactic I used was to show little... — read more 

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| 430 views | | 5 replies (last October 23, 2024)
Post ID: @OP+1v7eCgYw

No layoffs 2024

There Will be no layoffs in dfs 2024. No WARN notices ...all looks until C1 legal day one

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| 270 views | | 6 replies (last October 24, 2024)
Post ID: @OP+1v7QbfHQ

DFS & C1 Merger

I've been at other companies when there is a merger. In the DFS/C1 merger it is my understanding that C1 will be in charge. It is very cernerning since on this site for layoffs there is highly negative posts about C1: ... — read more 

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| 450 views | | 7 replies (last October 13, 2024)
Post ID: @OP+1uWDjBaH

Toxic workplace @Discover. Psychopaths managers.

Discover used to have good diversity , work culture. Now its no more ..few toxic managers are treating employees as Slaves and there is no work-life balance. Toxic workplace..many areas payments/cards/bank/cb/dal has this problem now .

found out the job outside DFS

Title says it all. Do I need to give any notice? Regular 2 weeks blah blah blah sh-t after how company has let me know about acquisition.

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| 360 views | | 3 replies (last October 18, 2024)
Post ID: @OP+1uCA3cmS

Layoffs wave at discover

There are silent Layoffs @ DSL and the cards LOB ..Over 100 is the count including FTEs and the Contractors

Stack rankings

Stack ranking is unlawful when it creates a disparate impact for employees from protected groups. And about to get real

Stack ranking

It’s a bloodbath. The whole place is "I don't have to outrun the bear, I just have to outrun you." Everyone turns on everyone else. Alliances were formed (ala Survivor) and people were systematically thrown under the bus to stay out of the bottom... — read more 

What to expect after CapOne acquisition

Cap One is giving PIPs to 10% of people during mid year review. Every one who is getting below strong rating (must be 10% per forced distribution plan) will get PIP. That is how Cap One reduce the work force. Be ready for a big cultural change after... — read more 

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| 590 views | | 3 replies (last September 27, 2024)
Post ID: @OP+1tOU2YIe

Sinking boat discover

With cap1 merger , discover going to be a sinking boat.Anither Titanic crash a head ... Be ready to escape/survival

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| 550 views | | no replies yet
Post ID: @OP+1tJhVy5W

Discover

Discover isn’t capitol one at all and it will take years ! The job is getting worse by the second

"Capital One reports $1.3 billion Q1 earnings"

Shareholders will be expecting efficiencies. https://www.investing.com/news/stock-market-news/earnings-call-capital-one-reports-13-billion-q1-earnings-plans-discover-acquisition-93CH-3404264

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| 390 views | | no replies yet
Post ID: @OP+1si7Vxf8

Org structuring on the way !!

Hearing the news discover planning restructuring org...not 200 sure at this point. Definitely something going to happen soon in next quarter

Doscover

They are not laying off anybody ! The CEO didnt want this job he left for a horrible company don’t take severance and is paying them back lol 😂 he didn’t even take his stock options ! What’s this tell you ! This place is so bad way to many passers of... — read more 

Discover Student Loans

Who would buy Discover's student loan portfolio? I hear it's for sale but that Nelnet is doing the servicing. And how much does Discover turn these into SLABS? Isn't it a risk not to collateralize them?

Dear CEO

Don’t forget employees are who made you a millionaire not the other way around

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| 590 views | | 2 replies (last February 21, 2024)
Post ID: @OP+1rb7GQSq

Capitol one

Time to look for a new job ! They do off shore besides who wants to take calls all day from customers asking questions we have no knowledge of and get bad scores

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| 504 views | | 1 reply (February 21, 2024)
Post ID: @OP+1rbvIrSq

Capone aquisition

Buckle up - coming up by the end of the year, depending on how fast shareholders and regulatory approvals happen. Might wanna read this press release carefully. Wherever words like synergy, combining products or scaling appear, that's where they're... — read more 

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| 840 views | | 4 replies (last February 21, 2024)
Post ID: @OP+1raBjEft

Capital One buying Discover

This is great news for many, however for some new leaders who recently joined may be in an interesting position.

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| 680 views | | 4 replies (last February 21, 2024)
Post ID: @OP+1raD20uW

goodbye dms

discover just laid off over 100 workers in their management systems dept...

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| 860 views | | 2 replies (last February 20, 2024)
Post ID: @OP+1qL3L13y

Is it advisable to join?

Is it advisable to join? What are the pros and cons of working as a Technology Lead at discover?

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| 1010 views | | no replies yet
Post ID: @OP+1mH8G25L

RWD & Houston Work On Site 3 Days A Week

Well.....the good days are over. Working from home for 3yrs has come to an end. Now that Roger put out the email about everyone back into work 3 days per week (Mid April). Lots of people asking about their special situations, *None of my team is... — read more 

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