My boss that I trained and in which I took the entire initiative for several major projects in 2022, that I completed without any assistance from him or anyone else, and done correctly, got promoted and not me. He took credit for my work and purposely not acknowledged my work so he could get promoted.
One lady who is on the agile team that was laid off, just got a promotion even when she got laid off.
Who does this? It's very discriminatory and screwed up.
Their forced ranking system has been the subject of class action lawsuits since at least 2003. C One stated they would stop doing forced ranking in 2003 but never did and it's 2023. See article below.
https://www.plansponsor.com/workers-hit-capital-one-with-2nd-age-discrimination-lawsuit/
Workers Hit Capital One With 2nd Age Discrimination Lawsuit
December 4, 2003 (PLANSPONSOR.com) - A Virginia-based consumer finance company has been hit with a second age-discrimination lawsuit alleging it gave preference to younger workers.
Reported by FRED SCHNEYER
Five former employees, ranging in age from 40 to 62 filed the lawsuit against Capital One Financial Corp.,. in US District Court in Richmond, arguing that a disproportionately high number of older employees were fired for purported poor performance, according to an Associated Press report. This was true even though the affected workers had met or exceeded expectations in previous job appraisals, the suit claimed.
Capital One settled a similar lawsuit with as many as 60 former workers for an undisclosed amount in June. AARP, the nonprofit organization for people 50 and older, was co-counsel in that lawsuit.
Meanwhile, four of the plaintiffs in the latest case were in middle management, and one was an hourly employee. Some received separation and other benefits, plus additional pay equivalent to eight weeks’ salary from Capital One if they agreed not to sue for age discrimination.
The employees allege that the waivers were illegal and part of a plan to deter legal challenges. The company implemented a rigorous forced-ranking employee-appraisal system that led to the firings. In a forced ranking, a certain percentage of employees must get low grades – which lead to termination.
Capital One has backed off the forced-ranking system since it was implemented in fall 2001, according to the lawsuit. The company employs about 18,800 workers – half of them in the Richmond area.
Redeployments are also used to get rid of anyone with grey hair. Take a look around the hallways.
Yes it's misleading as C 1 is listed as one of the best places to work when there is chaos and unfair treament and harassment by management that impacts all types of employees across the company. The feds need to investigate them.
I joined CAP1 based on the reviews on Glassdoor, and there are glowing reviews of this company, which are so misleading, the performance review and promotions are screwed up, to get one you have to kiss as--s of incompetent people at higher levels. To survive and thrive you have to be a smooth talker drop names and tech terms and if you are women look beautiful and dress s-xily. I agree the company is corrupt at many levels and needs to be investigated
Your work and your teammate's work is your bosses work. They are presenting the collection of the team's accomplishments as their accomplishments. Even the best individual work could get 'meets expectations' or worse if you are not presented properly at cross calibrations. What I found in my 25+ years at the company was, as mentioned, if you do not schmooze upward, be visible, toot your own ho-n, network, you are either going to just get a paycheck and be used by others or eventually be redeployed. The other thing I learned at the company was that everybody is out for number one. The culture and the ranked performance management system promote some insidious behavior. I have been following the Google layoffs and everybody is scrambling to understand the criteria for who was laid off. They are all so angry. This has been going on for almost 25 years at Capital One. The criteria for who gets axed will never be revealed, lest the company open itself up for another successful lawsuit. I saw a lot of really good folks let go over the years and wondered why. More recently I have come up with one explanation. They may have been perceived as a threat by their manager. Better to redeploy them than have more competition. If you are going to try to make a go of it at this place, save diligently, invest wisely, live within your means and retire well off!
The company is so corrupt on so many levels it must be shutdown by the feds. It's no better than We'll Fargo.
It'll fall apart anyways it always does.
How are you smart enough to work in corporate america but are not people smart enough to know promotions are based on getting your name seen in high places. The work wont get you promoted if your name is not in every email, pretending to have all the answers. Kissing the right cheeks. Its impossible for people to not think of you when you make them feel good, or when they always need something from you.
It seems obvious but given the situation for layoffs all promotions should have been halted. We already know the review process is screwed up as it is and now layoffs?
I learned someone who was under the agile family got saved by her boss and didn't get laid off, while others did. Very political and twisted
Yes people steal credit from others because they're not smart enough themselves to do the work. It's disgusting.