Senior Directors, VPs, and MVPs are PIP'd and fired too.
CP automatic PIP?
My manager blindsided me with a below strong so that he could meet stack ranking numbers for mid year. Is that an automatic PIP at the end of the year or is there any way of digging out of a coaching plan and getting at least a strong? My manager... — read more
Has anyone gotten a 3rd letter...
Has anyone gotten a third letter about "overpaid" severance money being "returned"? Still shaking my head about that whole thing. This company never ceases to amaze me (and not in a good way)! Just wondered if they gave up or there is more harassment... — read more
MY PIP Discussion Post
Howdy, I've been at C1 for just under half a year now and I recently got hit with a PIP during my midyears. My manager had been telling me I was doing great and hadn't given me any warnings about performance prior. The reasoning for my Below Strong... — read more
PTO when acquired by Capital One
What has C1 done in previous mergers where acquired company employees have tons of PTO each year. DFS maxes out at 35 days of PTO annually (25 years at company) and starting to wonder what is gonna happen.
Help! My boss wants me to turn on cam for 'reaction'
My boss asks to turn on cam for 'reactions' during a meeting. He wants to see facial reactions and if your facial reactions are literally a 'what' or question mark, he will assume that you are very d-mb to not understand simple words in the... — read more
Mid Year PIPs
I start noticing that people start disappearing left and right. For the past 2 weeks, I almost heard one story everyday about someone is leaving C1. It can't be a coincidence that every one got a job during summer and they all leaving on the 1st... — read more
New tech worker discouraged after CP/PIP
Hey everyone, I was laid off earlier this year and haven't started looking for a job yet since I have some savings and took time off to travel. I've thought a lot about my time at Capital One and especially those last 4 months and it was so stressful... — read more
Slapped with a CP
Well good ole C1 hit me with a below strong during mid year. I’ve been with the company for 13 years and always gotten strong or very strong and occasionally an exceptional. New manager came in and said that I was not pulling my weight despite praise... — read more
Corp Event
Anyone have an idea what the 30 minute corp event some agents of on their schedule the week of August 4th? Random agents from each team have them on different days and times. Management says it is a survey but no other information.
How many times can you be put on a coaching plan?
I was put on a coaching plan earlier this year and I winded up passing even though I didnt do anything different. That tells me that I was probably scapegoated. I didnt care if I got PIPd. Lets say they put me on a coaching plan again and pass again... — read more
2024 Mid Year PIPs/Coaching Plans
They dragged me into below strong (1st ever. I was storng/above storing all these years) during 2024 mid year and put me in the coaching plan with unbelievable number of tasks. Its very clear what is the writing on the wall, another review during end... — read more
merger with discover will fall apart, too many skeletons
https://www.bankingdive.com/news/discover-settle-card-misclassification-class-actions-capital-one/720715/ Banking Dive Sign up menu DIVE BRIEF Discover to settle card misclassification class actions for $1.2B The card company has warned it could... — read more
Found this PIP article interesting…
https://www.linkedin.com/posts/daniel-goodman2001_if-youre-on-a-pip-you-likely-cant-transfer-activity-7216589618215854080-qsQ2?utm_source=share&utm_medium=member_ios
Currently a Discover Financial Employee. Not looking forward to the merger :/
Hi Capital One team, I’m currently a Discover Financial employee, and I’m not looking forward to the upcoming merger. I have a few questions and concerns that I hope some of you can help with: How has the transition been for you so... — read more
CODA program thoughts
Got an offer for the program but saw all the news about layoffs/stack ranking/ culture. Should I go for it or take another offer I have. I would be moving to Richmond and am worried about layoffs
Hypothetically, of course.
Longish term associate of around 6 years, top performer all that jazz. Recently loss a lot of motivation. Hypothetically speaking if I had another job lined up and wanted to get canned, but also want a severance, would the strat be to just... — read more
Overpaid severance bonus, asking for pay back
I got PIPed early this year and got my severance package, which included a severance bonus. The document I signed only mentioned that the bonus will be a pro-rated amount, no actual figures given. Today, I got a letter saying they made a clerical... — read more
mid year performance calibrations and offshoring to mexico
Spent the last 2 weeks filling out a mid year self-review on google sheets and now have to manually enter that data within Workday? Stack ranking blues. People just keep disappearing since beginning of this year. Meanwhile, offshoring to Mexico for... — read more
All Associate Survey Results
I am looking for results from a past AAS where date showed only 62% of employees felt secure in their jobs. I looked thru the pulse AAS site and results, but conveniently this stat isn't listed. I believe I heard the results on one of the channel... — read more
Darren Alcus
Heard they laid off Darren Alcus ( was President of Corporate Banking). Is this true?
ceo strategy meeting
Are going on now. And its all brain washing by a cult leader, similar to jim jones to founded the Peoples Temple. We know what happened their in Guyana. So the CEO would cry again on camera and say he cares about customers and employees, and make... — read more
If you’re not in the clique or over 50, you’re done
I was laid off in November while I was STD leave, I was told that employees who were redeployed and applied for other Jobs in the company would be considered first. It happens that was simply a lie, I’ve applied for several positions all of which I... — read more
"Capital One reports $1.3 billion Q1 earnings"
https://www.investing.com/news/stock-market-news/earnings-call-capital-one-reports-13-billion-q1-earnings-plans-discover-acquisition-93CH-3404264
people gone left and right without warning
In tech and at all levels. Some left because it gas become a nightmare and others fired.
People Management Chaos
The ridiculous amount of brown nosing is horrible. They promoted someone to manager recently and the individual thinks they own the world. Inside their small head they think they have direct reports which they dont and never will and the only thing... — read more
Toxicity Coming Home to Roost: Capital One drops from #47 in 2023 to #85 on Glassdoor's 2024 Best Places to Work List
Capital One dropped almost 50% from 2023 to 2024 on Glassdoor's Best Places to Work list. C1 has shaved off a ton of rank and file and mid level staff, but the toxicity described on the glassdoor reviews because of how layoffs and performance... — read more
stack rankings out of control
Daily basis everyone is finding out that people are mysteriously gone. A senior director was told they have to PIP and fire employees. They said those employees are excellent workers and their manager told them to find any reason to fire them. That... — read more
"Exclusive: CapOne tells regulators Discover deal will boost competition and stability"
https://www.reuters.com/markets/deals/capone-tells-regulators-discover-deal-will-boost-competition-stability-sources-2024-03-21/
How is your workload?
The dust has definitely settled after the layoffs, so I was wondering how is your workload? I'm asking especially those whose teams lost a few people. I know one team that was halved, and those who are still here are planning to leave because the... — read more
Secret layoffs
https://finance.yahoo.com/news/latest-quiet-workplace-trend-cutting-110927951.html
MORE LAYOFFS COMING??? Remember all those Walmart hires??
Walmart can end Capital One credit card partnership early, US judge rules Who is actually surprised by this? It couldn’t have happened to a better company. When Walmart says you’re not living up to their customer expectations that’s saying a lot!... — read more
Do student-grad programs have more of a buffer for performance reviews?
Hi, been at capital one almost a year now and about to have my first real/non too new review in June. I am in one of the student grad programs and am nervous after reading everything on here despite getting only good verbal feedback from managers. My... — read more
To opt out of Pip vs not opt out
Suppose you're on the coaching plan and you're likely going to be PIP'd. What are the pros and cons of opting out of PIP. Do you still get severance(including 60 days) at the end of PIP when you are fired along with cobra or is that only something... — read more
Can you get your 60 day pay and work another job?
Got PIP’d. Taking the package instead. Found out I’ll be receiving regular pay for 60 days, followed by 12 weeks lump payout after that ends. If I get another job during the 60 days, do I have to notify Cap One I have another job? Or could I collect... — read more
Severance by Level?
Currently at DFS anticipating a successful merger and then getting laid off in short order. How does severance work at CapOne?
PIP payout??
A coworker found out he was getting PIP’d for end of year performance but hasn’t had his meeting yet. He is planning to ask for a severance package. From what we understand, it’s two month’s pay, followed by a 12 week severance lump sum payout and 6... — read more
end of year 2023 stack rankings is explosive
I'm in tech org. The end of year 2023 reviews and stack rankings has gotten many people including Sr Directors all fired. People fired in the last month due to PIPs throughout tech organizations left and right