hearing few big org changes in RIC in commercial tech
Topics regarding layoffs at Capital One
The expected Q4 layoffs begun. First round was notified individuals in risk management across the company. The one area they need more of, they cut.
Just let go of all contractor resources that they curned and burned for 6-7 months selling a contract to hire dream. Didn't budget right at the beginning of the year and so people lost their jobs over this mess.
The first wave of layoffs have occurred in MCL and Richmond VA. Top heavy management wants to be sneaky in delivering the news to select people but the word is out around the office now. So it looks like we're paying for the idiocracy of their screw... — read more
The recent hacking of 106 million accounts costing the company $160 million will lead to more layoffs.
Rumor mill going around again about big changes coming to plano campus...anyone know which area is having layoffs ?
Las Vegas ER layoffs
Rumor Q1 layoffs coming to Plano COAF. Anybody confirm?
I know it's not much, but it is something. Lincoln Capital One workers who are losing jobs qualify for federal aid... — read more
Is this going to be an interesting year as it relates to Capital One Layoffs in 2019?
I know this leaked over a week ago, but since nobody here is talking about, I thought I'll just remind everybody that Capital One layoffs are ongoing and that the latest hit is Lincoln. From what I've heard, about a third of people there has been... — read more
I generally don’t like reading these predictions from analysts, but this article caught my eye. In light of the announcement of Q3 earnings and financial results ( October 18th, in case somebody didn’t know), the author of the article claims that... — read more
NOTICE_DATE JOB_SITE_NAME COUNTY_NAME WDA_NAME TOTAL_LAYOFF_NUMBER LayOff_Date WFDD_RECEIVED_DATE CITY_NAME 18-Apr-18 Capital One Bank - Plano Harris Heart of Texas WDA 8 21-Jun-18 20-Apr-18 Houston 16-Apr-18 Capital One Bank - Plano Harris Gulf... — read more
News says another 246 employees to be laid off in Plano by October 1st... wow what a surprise(not). Any word of which branches will be closing?
Plano folks can't seem to catch a break. Nearly 300 people are slated for layoffs in Plano as a continuation of Capital One's exiting mortgage and home equity business. I'm not sure if the people who are being laid off have been notified yet... — read more
Little folk to get walking papers soon, I imagine.
I heard there will be more layoffs at the Plano campus around the end of the year / beginning and they are going to rent out some of the buildings. Anyone have any additional details?
Has anyone heard any layoffs coming to Las Vegas?
Just last week, the home loan division of New York-based Genpact said it is laying off 124 mortgage service employees in its Richardson office. Late last year, Capital One pulled the plug on almost 950 jobs at its Plano operation as the company... — read more
Has anybody heard about a second wave of people being layed off. Keep hearing it will happen before year ends.
What happened on the all retail call this morning? What announcements were made?
More layoffs are occurring and projected, more Branch closings to,continue. Future acquisition of/by\
No posts on Commercial Card, huh... Not even in 2017 when major layoffs happened.
Why do we keep acquiring other companies while at the same time laying off our own good people? How badly do we need to own Confyrm? And how many good people lost their livelihoods to make that acquisition possible? It would be really nice to see... — read more
Capital One is laying off once again in St. Cloud. This seems to be one of the smaller rounds, maybe up to thirty people altogether, although I'm sure those losing their livelihood will not be comforted by that fact. At least they can apply to other... — read more
Is it true they're selling off the partner cards business, or closing a huge part of the downtown Chicago office? This is just something I've heard from a guy who heard it from a guy in McLean.
Capital one is the worst place to work .Managments are very vindictive. They threatened employee to take away their severance and also small bonus. When u write email to the CEO and the Hr no one helps you for unfair treatment from your District... — read more
This is not right and I’ve reported to HR on the bullying tactics from management. Has anyone else been threatened from there manager that they will take away there severance if they don’t follow all there BS rules?
7 months severance
Letting go people in cities. Heard they are keeping top 30 advisors and their books as a package and selling. We have heard Whitney Bank as well as AIG Advisory. Sad deal for all involved. That program went from top notch (especially in South... — read more
Rumor. Is COI gone Friday?? Is someone trying to recruit advisors to Woodbury Financial?? Let's check back after a Thursday meeting — read more
So I’m thinking the people invited to the city this Thursday are being let go. Any idea what these meetings are going to be about? Why are there 2 separate meetings?
Let’s be honest, this downward spiral started 7 years ago with Fat Boy Apello and not Tom. Hard to hold Tom accountable for a line of business he didn’t have full control over. Fat Boy gave Galante, a totally clueless individual, more stroke than... — read more
Just announced. Private Banking home loans will no longer be made available to our high net worth clients. This because the idiots at the top didn’t have a backup plan for servicing, when deciding to exit the retail mortgage/Home equity arena... — read more
Final countdown is upon us!! Good luck to everyone! And FU Silly and brown sugar!
Are they being sold, drpped entirely? Any word on when a decision will be announced?
I have a job offer with Capital One to work in their technology group at McLean campus in Virginia. But Capital One seems to be laying off people almost every week. How is the situation in the technology group? — read more
So now that we all know E-Trade acquired a part of our retail brokerage business, we can all start updating our resumes. I know the company said there will be "some" layoffs, but I am willing to bet that "some" is going to be most of Wilmington... — read more