Capital One Layoffs

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Topics regarding layoffs at Capital One

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.
by | Post ID: @PL7QrZL
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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... read more

"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... read more

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... read more

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... read more

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... read more

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.
by | Post ID: @IGW2K71
453 views | no replies

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?

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!

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

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... read more

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.
by | Post ID: @w3Am8Ql
313 views | no replies

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.

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