Topics regarding layoffs at Capital One

Topics regarding layoffs at Capital One

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 

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 

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 

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 

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

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

I looked inside the window amd saw

a group of managers in Card team showing a presentation based on employee feedback showing a revolt by employees over stack rankings and PIPs, wrongful termination, return to office, low pay, and anxiety over firings. In fact, I took a photo of the... — read more 

Capital One wants quitters, wants to avoid layoffs

Don’t ever quit. Remember these losers don’t don’t about this site, so they might not realize we know not to quit. You can’t get unemployment if you do. Let them give you a cp or pip. Let them fire you. These cowards refuse to lay us off to... — read more 

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| 1940 views | | 7 replies (last February 29, 2024)
Post ID: @OP+1re0RMcM

challenging a pip

what happens if you challenge a pip? does it extend the 60 days while investigation is ongoing ?

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| 860 views | | 1 reply (February 23, 2024)
Post ID: @OP+1rdH9gz4

How does Capone track us?

Does anyone know what software/solution Capone uses to track our activities on our machines? Came over from JPM and they used an internal system (WADU) - any dips in productivity or idle time (cause you know, I gotta eat and use the bathroom) were... — read more 

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| 1310 views | | 3 replies (last February 23, 2024)
Post ID: @OP+1rbfkQrZ

Acquisition will bring the world of pain

If the acquisition of Discover goes through, this place will be unbearable. It already is a stressful place to work at. Can you imagine the chaos, waves of layoffs, extra pressure, more workload, new levels of the terrible treatment of employees for... — read more 

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| 1230 views | | 7 replies (last February 23, 2024)
Post ID: @OP+1rao5LVj

capone to acquire discover financial

What a nightmare more chaos. Both companies treat their employees like $h^t. https://www.cnbc.com/amp/2024/02/19/capital-one-acquiring-discover-financial-services-report-says.html Capital One Financial is set to acquire Discover Financial... — read more 

Ratings

Is there an inconsistent rating for year end or just below strong? I’ve been out of the office and haven’t had my official year end review yet. Does an inconsistent or below strong get a bonus? Doesn’t an inconsistent or below get PIPed with... — read more 

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| 1120 views | | 5 replies (last February 14, 2024)
Post ID: @OP+1r2qVMmy

CP and two weeks notice…

Texan C1 peeps: putting in a two weeks notice to have last day as March 8 during a coaching plan… too risky? Potential to just get fired? Does full PTO get paid out? Do you get to keep health insurance through the remainder of the month (March)? I... — read more 

C1 severance agreements cannot ask for employees to waive their labor rights and freedom of speech in EXCHANGE FOR RECEIVING SEVERANCE AGREEMENT

This is the National Labor Relations Board announcement for federal enforcement in stopping companies from offering severance benefits, in exchange for employees to waive their labor rights and their freedom of speech to talk negatively of the... — read more 

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| 1400 views | | 7 replies (last February 12, 2024)
Post ID: @OP+1qRhoq03

CP = unbearable micromanagement

I’m on day 1 of my coaching plan and my PL is already micromanaging me and criticizing every single thing that I do and I can’t take this anymore. I genuinely feel like I’m going to explode from the stress. I know they’re trying to get me to quit... — read more 

Coaching plan vs PIP

What’s the difference between the two? Is there anyway to get a payout if given a coaching plan? I have no desire to stay or work for this micromanager and you can probably imagine how painful a coaching plan would be with an annoying micromanager... — read more 

FRP

I am in the finance rotational program (1st rotation) and honestly I am going to leave when my first rotation ends. This company is a total shitshow and the way they treat their employees is messed up. Total opposite of what I expected. I know... — read more 

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| 1480 views | | 5 replies (last January 25, 2024)
Post ID: @OP+1qJpcUIi

stack ranking conundrum

A group of managers were huddled in a meeting to discuss employee feedback and it was a sign of a showdown with the company. Employees described a lack of trust in leadership and poor morale due to random and unjustified firings due to stack... — read more 

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| 2290 views | | 9 replies (last January 29, 2024)
Post ID: @OP+1qJ8bqwg

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