Thread regarding Capital One layoffs

layoffs and hacking

The recent hacking of 106 million accounts costing the company $160 million will lead to more layoffs.

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Post ID: @OP+10kV1o7h

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I think most layoffs will be in San Francisco side as that is the most expensive place.

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Post ID: @7obw+10kV1o7h

Yes it will. Once they have hard numbers around the actual spend, they will cut the amount of staff needed to preserve the bottom line.
The midyear performance mismanagement cycle has already seen a number of highly compensated employees suddenly facing layoff.
If the annual October layoff isn't a big one, I would expect sometime in Q1 2020 to have a significant reduction in staff.

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Post ID: @owl+10kV1o7h

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