Expect more cuts tomorrow.
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I love how this post just says “tomorrow” so when you read it, it’s always true
To : @3zcc+1nMj3FB5 - do not quit. IF you end up being impacted by a RIF later , you will be financially better off taking a severance package and then looking for work, vs. quitting now and taking a job. Unless a next potential job now is SIGNIFICANTLY higher paying, and I mean significant, nobody should quit unless the current job is so bad you can't stand it. Capital One pays out a higher severance for those without a lot of years compared to other companies. People need to take advantage of these windfalls that can happen with a layoff. MAKE THE COMPANY PAY $$$$ for cutting loose good folks.
Don’t know what to expect but have been scouring the web. Coming up on a year here and just got a low rating for mid year. A lot of stuff I don’t agree with and some of it was contradictory. But I guess I should prepare for impact? It’s very disappointing considering the hiring process here, and the fact I left another job for this. Does anyone know what severance looks like for newer employees? I’ve never been in this position before. So I’m thinking do I ride it out? Will I be able to file for unemployment?
Oh also my dept just had a reorg.
It is NEVER over here. The company has no HR talent to manage the workforce. Instead of intelligence and strategy, they just use a blunt force instrument and over-hire and then change the expectations/percentages and finally use the rank ordering system slash and burn when they feel it is time to make the company more lean when they feel. This is groundhog day. It has been going on since about Y2K.
Take a job here, work here, but know, anytime you could lose your job. Great performance here means nothing.
This garbage company was built on a house of cards and like other super regional banks thar were taken over by the feds. IT MUST BE SHUTDOWN.
People aren’t going to be “safe” until midyears have been completed. Capone is notorious at spreading performance based cuts over a long period of time so no large number of cuts is reported to the media. And if you recently got promoted I would be worried when the next round of layoffs happen. The newly promoted are usually the sacrificial lambs being set up for the next layoffs.
What areas are they cutting in?
They'll start cutting through August.