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
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
Wells Fargo is copying Capone and doing Stack Rankings !!!!!!
https://www.thelayoff.com/t/1mEWrVV1 TheLayoff.com Last Performance Review Do you trust that your manager’s manager or other people in your management team didn’t make your manager lower your last year-end rating to fill the quota? Who has... — 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
Why don't people leaders at VP+ want to go into offices?
They set a poor example for everyone else. What's wrong with long commutes and having a wrench thrown into work life balance? Having to zoom, slack, and using Google docs, sheets, and slides to collaborate with those in different time zones is... — 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
Yay. C1 is in the top companies of 2023 to grow your career.
Top Companies 2023: The 50 best workplaces to grow your career in the U.S. https://www.linkedin.com/pulse/top-companies-2023-50-best-workplaces-grow-your-career-us Love it!!!!!
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
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
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
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
Nothing mentioned about Easter
Woke much? Not a single mention of Easter by senior management, no half day, nothing!
Dread going back to work tomorrow
Why can't the government shut down capone and get it over with? Better than a death by a thousand cuts.
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
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
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
If they do not make these changes Capital 1 will go down very soon
Yes, capital one will be one day go down like SVB because of the following reasons: people waste too much time in meetings, it is a norm to invite everyone to stupid meetings, it is normal to 20 attendees in any meetings too much emphasis... — 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
Open letter by Google employees to their CEO, it is applicable to C1 as well
Nowhere have workers' voices adequately been considered, and we know that as workers we are stronger together than alone.We are thus coming together across the world to be heard. Specifically we are asking for the following public commitments from... — read more
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
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