Thread regarding Capital One layoffs

Nola office

Any word on the Nola corporate offices?

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Post ID: @OP+QgOCfJn

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100 capital one commercial tech associates were cut two weeks ago, New Orleans, Plano, and abunch of remote workers.

They want to collocate workers in Richmond, McLean, and NYC.

Most were over 40. There is new 12% forced bottom distribution which will also coincide at mid year and at end of year performance review.

They say there is no correlation to lower ratings, but you know the game when you work for CapitalOne. Brutally competitive environment. Few women, almost no minorities, and trend is new college recruites.

They want to be amazon but they are not a software company, mostly vendor apps.

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Post ID: @25wjk+QgOCfJn

Auto has a call scheduled tomorrow - we all expect major cost cuts and layoffs

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Post ID: @tlw+QgOCfJn

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