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
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
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... 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.
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"...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... read more
Call centers in Oregon and South Dakota closed and reaming workforce cut backs in its home state of Virginia,
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.
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... read more
Anyone has more info on Houston cuts?
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 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 years. It is never seen that Media Favorites, that Capital One Executives obviously can't manage their employees, as... read more
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
What a layoff, I thought the economy was getting better!
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 notified the affected employees at the Innsbrook and West Creek offices of the decision Wednesday. The... read more