Capital One Layoffs 2018
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.
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Topics regarding layoffs at Capital One
Capital One pulling out of Chicago
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...
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"The Big Sweep"
They do a yearly lay off here at Capital One... People who work for Capital One call this annual layoff practice "The Big Sweep" - unfortunately it's a common term and by now Capital One employees are used to it - layoffs do not surprise us, we know...
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Capital One system is anything but fair or equitable
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...
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Can we drop the whole performance review system?
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...)...
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Absolutely no job security
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...
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Capital One Layoffs - Credit Card Division: RICHMOND & ROLLING MEADOWS AWAIT CUTS
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...
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A view from Wilmington
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...
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Laid off in 2013
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...
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Capital One Credit Card Layoffs
Get ready, it'll be bumpy at the CC unit: https://www.americanbanker.com/news/capital-one-plans-layoffs-in-us-credit-card-unit
Rolling Meadows Call Center - 300 to be laid off
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
Incoming Capital One layoffs confirmed - 400 affected
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...
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Seattle and SFO offices closure
Is this realistic to expect? Closing Seattle and SFO offices?
Capital One Layoffs 2017
Job cuts later this year in McLean.
It started - almost 200 layoffs in Seattle
Capital One just announced job cuts - about 190 people in Seattle will lose their jobs starting October 2016. Good luck to us all.
Meltdown - sub-prime credit card market
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.
Job Cuts in 2016 and Severance Payment
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 - Mortgage Operations 2016 Layoffs in Wilmington, DE
Capital One is laying off more than 100 Wilmington employees.
About to be hired
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!
Bonus time is coming - be ready for layoffs
Just like we tend to do every year, layoffs will happen right before bonus time
Capital One Layoffs 2016
What is the likelihood of Capital One layoffs in McLean in 2016? Please let me know if you have any information.
More to come...
Capital One recently completed the purchase of a web dev firm (Monsoon) in NoCA; guess this doesn't bode well existing dev teams, especially for the customer-facing teams. #shrinkingRVA
Myself and others were let go a few years ago. They use soft vernacular and say you're being placed on...."redeployment"
Myself and others were let go a few years ago. They use soft vernacular and say you're being placed on "redeployment"...which means "you're fired, you've got 60 days". But as for today, they will not announce any more layoffs for at least a minimum...
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7/24/2015 -Layoffs - more than 1,650 people altogether
Call centers in Oregon and South Dakota closed and reaming workforce cut backs in its home state of Virginia,
Summerlin/Las Vegas Capital One call center lets go 135 employees
The Quality department was let go (35 associates and supervisors) and another 100 associates were let go as well, for a grand total of 135 employees. I am hearing that most were given packages to soften the impact.
Capital One Downsizing
Do you think that we'll continue to have layoffs in 2015 and 2016? I am with IT and I am sick and tired of anxiety that layoffs bring. I think we have better options outside of Capital One and if things continue to be tense and if we still continue...
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Houston Layoffs (Capital One)
Anyone has more info on Houston cuts?
Mortgage Layoffs
it's happening right now
Well, it's happening right now
I know some people posted here that there are no layoffs at Capital One, however that's wrong as layoffs are happening as I write this.
Capital One - 2014 Layoffs
Capital One is not different from other banks, we all have issues on the mortgage side: WF, BOFA, Chase, you name it. We'll just have to wait and see what's going to happen in Q3 when our planned reorg will start.
Capital One has a long, repetitious history of Hirings/Firings and Out Sourcing Jobs to Foreign. Happens routinely about every 2-3...
Capital One has a long, repetitious history of Hirings/Firings and Out Sourcing Jobs to Foreign. Happens routinely about every 2-3 years. It is never seen that Media Favorites, that Capital One Executives obviously can't manage their employees, as...
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read the article: "The affected employees will be given the opportunity to find another job in the company
read the article: "The affected employees will be given the opportunity to find another job in the company. "
We should have offered the 200 we are laying off the positions of the 470 that will be hired
We should have offered the 200 we are laying off the positions of the 470 that will be hired
What a layoff, I thought the economy was getting better!
What a layoff, I thought the economy was getting better!
Or they just completed a large merger and are reducing duplicate positions
Or they just completed a large merger and are reducing duplicate positions. but sure, we can just lump that on Obama, why not?
Around 200 Capital One employees in the greater Richmond region will see their positions eliminated in the next 60 to 90 days. Capital One...
Around 200 Capital One employees in the greater Richmond region will see their positions eliminated in the next 60 to 90 days. Capital One notified the affected employees at the Innsbrook and West Creek offices of the decision Wednesday. The...
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