Lastest 1 Star Glassdoor Review - Sounds Right - post regarding Capital One layoffs

Lastest 1 Star Glassdoor Review - Sounds Right

https://www.glassdoor.com/Reviews/Employee-Review-Capital-One-RVW80901645.htm

Oct 12, 2023

Avoid like the plague
Product Manager
Current Employee
Recommend
CEO Approval
Business Outlook
Pros

Benefits aren’t bad. Some friendly people if you’re lucky. Offices are nice.

Cons

Performance management system with PiP quotas that are politically driven Forced attrition Promotions, career mobility are entirely driven by politics. Doing good work will get you nowhere. They say to “live the values” but leadership will put more (unreasonable) work on you to the point you can’t handle it. When you say you can’t, they’ll say “so you can’t handle your job?” and next thing you know, you’re on a performance plan. If you are, opt out. Take the money and run, this place is a dumpster fire. “Leaders” are disengaged at best, nepotistic, and only offer career support if you 1) lick their boots and 2) make their presentations for them (for the 8th time, nonetheless - the amount of rework at this place is astounding) Senior leadership avoids direct questions about the above, shows no accountability. Forced RTO for rank and file employees while they continue to hire Amazon rejects as remote executives. Rules for thee but not for me, right?

Comment! It's anonymous!

2 replies (most recent on top)

This review should have been -5 stars not 2 stars.

https://www.glassdoor.com/Reviews/Employee-Review-Capital-One-RVW79245723.htm

Aug 17, 2023

Capability for becoming an excellent workplace.
Software Engineer
Former Employee
Recommend
CEO Approval
Business Outlook
Pros

Compensation and benefits are satisfactory. PTO policy is flexible.

Cons

I’m puzzled about how Capital One’s reputation as one of the top workplaces is upheld. Although the compensation and benefits meet the mark, the corporate culture is hindered by the practice of stack ranking. When I first joined, I didn’t anticipate its significance, but it has led to two major points of contention. To start, they consistently evaluate employees using a fluctuating curve, resulting in some falling short in comparison to their peers. This is not uncommon in workplaces, but it means that even if you’re an exceptional employee who is slightly outperformed by colleagues, you could end up on a performance improvement plan or even face termination. Regardless of your overall competence, your relative performance is the key factor, and your ranking is determined by how well your manager portrays you to their bosses. The second issue stemming from stack ranking is the transformation of colleagues into rivals instead of teammates. Due to its zero-sum nature, people become possessive of their work, occasionally hoarding knowledge or projects. Consequently, the culture becomes counterproductive to collaboration, lacking essential team camaraderie. What’s frustrating is that this can lead to subpar products due to the absence of teamwork. A significant amount of time and effort is directed toward self-promotion and outmaneuvering colleagues politically, rather than channeling energy into producing excellent work. While the situation might evolve, as long as stack ranking remains in place, it’s difficult to envision Capital One as a hub where innovation through teamwork is genuinely practiced.

Advice to Management

Consider reevaluating the practice of stack ranking, which has mostly fallen out of favor among tech companies. There are alternative methods to ensure employees remain engaged, without fostering a culture of non-collaboration.

Glassdoor should have a range between 5 and negative 5 to be more accurate. C1 would have an overall rating in the negative.

Thread regarding Capital One layoffs

Lastest 1 Star Glassdoor Review - Sounds Right

2 replies (most recent on top)

Post a reply