I have heard rumors that they will be closing a bunch of branches. Does anyone know when it will be announced? I had heard Dec/Jan however now no 1 is talking about it. Any update would be appreciated
Comment! It's anonymous! Post information you know, rumors you heard, your experiences, or contribute to the discussion by answering or asking about layoffs at Capital One. The comment form is located near the bottom of the page.
Topics regarding layoffs at Capital One
NY STATE WARN NOTICE - Layoffs Announced Originations Operating Unit (Long Island - 26 Laid off) Date of Notice: 11/8/2017 Event Number: 2017-0135 Rapid Response Specialist: Frederick Danks Reason Stated for Filing: Plant Unit Closing Company:... read more
Conference Call with Sanjiv tomorrow @11am with all people managers.
Any word on the Nola corporate offices?
Latest update: Investing business is up for sale.
I really hope they stop here, Plano did get hammered but it could have been much worse. Las Vegas, Houston and Seattle may be the next target, but we'll see.
Small business gone, lending gone, are the financial advisors next to get the chop. November 16 all hands on call will hopefully shed some light. Is it possible they are going to sell the retail branches?
There were many of these kind of meetings today , they can hire 2 H1 contractors for one of employee salary . Binge hiring was there for some time , bad technology spending, bad technology management in the name of innovation!!! How can they employ... read more
Not just mortgage and home equity laid off. Also some retail bank call center. Auto is almost certainly next. Probably similar scale.
Capital one was by far the worst mortgage company I have ever worked for. Ran poorly from the top. Middle management was the definition of favoritism and who was in with the crowd. Definitely not a merit based company. I”m happy to see that Sanjiv... read more
Seriously, what else is Capital One planning to exit? Plano Mortgage and Servicing, Small Business, hearing Auto, oh, what else is on the chopping block. Happy holidays...
Media coverage as of now: Capital One to cut 950 jobs in Plano with closing of home loan division, call center https://www.dallasnews.com/business/economy/2017/11/07/capital-one-shutter-home-loan-division-call-center-plano -Capital One to cut 950... read more
So whats in your wallet, "Pink Slip"... This layoff is confirmed... Heard Auto is not doing to well, either... My guess is Cap One will go away, its a shame had a lot of BOX buildings, even one with a slide, in Plano...
CapitalOne has sold its mortgage operations and is having a second round of layoffs. Loan origination was today.
Do you have any updates on possible layoffs here in Plano?
The small business group has laid off everybody in the main SF office. 120 folks, and possibly more from the other teams. Business decision is the party line, which seems plausible. Concerns about C1 exiting SF altogether are being expressed in the... read more
Capital One use to be a great place to work. The fact is they do not have any respect for their employees. They are guilty of age discrimination but cover their own asses with NDA AGREEMENTS when they dangle a package in front of your face. Don't... read more
Can anyone tell me what is the layoff situation at McLean VA
I never knew that executives can be so sneaky, to tell you one thing and then to hit you with something else - the mood is pretty bad here in McLean.
Rumors are flying that Capital One is pulling out of Chicago. The US CARD layoffs announced 2 weeks ago so far have only impacted the business side. Tech is waiting for their turn. Meanwhile the annual performance" manage them out" phase is starting... read more
Anyone that believes the Capital One system is fair or equitable is not living in reality. The biannual process is a popularity contest not based on any quantitative data or any tangible results and is based on how well your manager and his/her peers... read more
This is becoming ridiculous... Working at Capital One is like being a part of a never-ending competition... You are pitted against all of your coworkers day in day out for the privilege of keeping your job (promotion is just a pipe dream...)... read more
In other companies people worry about layoffs, at Capital One we worry about layoffs AND redeployment. Every year or two the company decides to shift employees around, demoting a bunch of folks and cutting a bunch more. It isn't performance based... read more
https://americaclosed.com/capital-one-layoffs-2017-job-cuts-hit-credit-card-divisions-richmond-rolling-meadows/ Here you go: About 400 employees were laid off at Capital One’s call centers in the company’s credit card division—again, in a... read more
Captial One is very competitive, very political and has the ultimate cutthroat environment. Currently, we are in a massive "redeployment" mode – you should replace the word “Redeployment” with the word “Layoff” as it’s synonymous. Not sure if it... read more
After 28 years with the company (multiple mergers) I was laid off! The package deal was not fair as it goes by salary and not years with the company. They were fair in a lot of the package but it was horrible being laid off. It felt like a breakup... read more
Get ready, it'll be bumpy at the CC unit: https://www.americanbanker.com/news/capital-one-plans-layoffs-in-us-credit-card-unit
More job cuts at Capital One, so much for all the talk about our people being our best assets. http://www.chicagotribune.com/business/ct-capital-one-layoffs-0810-biz-20170810-story.html
Capital One is about to lay off around 400 people at Rolling Meadows office... Most of the cuts will be in service operations, mainly cal center jobs... Not sure if other locations will be affected any time soon... read more
Is this realistic to expect? Closing Seattle and SFO offices?
Job cuts later this year in McLean.
Capital One just announced job cuts - about 190 people in Seattle will lose their jobs starting October 2016. Good luck to us all.
Capital One is the key player in the sub-prime credit card market. I wonder if Capital One regards its employees the same way Capital One regards those who have one (or more) of its sub-prime credit cards.
Do you know the terms of the severance payments for the employees that were laid off in 2016. It seems that not all people were treated equally? Are there cases of discrimination?
Capital One is laying off more than 100 Wilmington employees.
Offered an IT manager position, currently employed. Reading all the stories about forced ranking and layoffs, feeling insecure. Have a family to support. Can anybody share a severance package that Cap1 offers? Is it negotiable? Please respond ASAP!
Just like we tend to do every year, layoffs will happen right before bonus time
What is the likelihood of Capital One layoffs in McLean in 2016? Please let me know if you have any information.