Thread regarding Capital One layoffs

DFS layoffs and Mid year reviews

I don’t think there will be additional “layoffs” like the ones Monday until later in the year. Correct me if I am wrong, but the Monday layoffs were probably part of the 81 cited in the WARN earlier this year.

What Capital One will probably look to do is leverage the mid-year stack reviews to cull more people from the herd. I don’t believe they need to file a WARN for those since it is technically based on “performance”.

My bet is once they’ve axed the mid year people they will begin to evaluate for the final round or two of integration layoffs.

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Post ID: @OP+1kt7jzgzd

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@a5 warn is for employee who have been notified.

The pip reduction haven’t been notified so it will be in addition to this

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Post ID: @a7+1kt7jzgzd

I take it back — The moment I posted this, the moment this got posted, Illinois updated their WARN. Cap One will layoff the following on the effective dates:

7/1 - 3
8/6 - 221 (damn)
9/1 - 1
9/4 - 58 (damn again)
10/2 - 1

Now I’m not sure if the WARN is in fact related to mid year stack. Seems insane to stack out and PIP 8-10% of associates + 284 associates now through October but who knows.

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Post ID: @a5+1kt7jzgzd

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