Topics regarding layoffs at Capital One

Topics regarding layoffs at Capital One

It's one thing to be laid off

It's another thing to be laid off after you've spent weeks training your cheaper replacement in another country not knowing you were training your replacement. That adds another layer to the whole thing that is completely despicable. I truly feel for... — read more 

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| 1300 views | | 1 reply (February 17, 2023)
Post ID: @OP+1lecay1C

The bad reviews are not just Capital One

I am seeing this morning that Meta had given bad reviews to thousands recently. This is just business. If you need to get rid of people, you cull the lower performers. Just because you may have been one of the folks who got a bad review and lost... — read more 

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| 1080 views | | 2 replies (last February 17, 2023)
Post ID: @OP+1leYIIaJ

More Layoffs

Huge layoff in Navigator Platform as they continue to replace us with offshore. Capital One contines to exploit cheap labor while benefiting from Americam Consumers and being bailed out with Americam Tax dollars.

How are laid off ADLs holding off

It has been 25 days since we got laid off, how are you holding up, I am still struggling and not able to come to terms with it. This is a challenging situation and I trust and believe that everyone will come out as a winner on the other side of... — read more 

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| 1580 views | | 2 replies (last February 19, 2023)
Post ID: @OP+1lal30Xv

Ignorant Top Management

The Director and obove hired from outside are completely useless and ignorant about the business and the working of C1, they think C1 is at par with big tech whereas it is nowhere close, they are just imposing the structure and way of working of... — read more 

agile layoffs

The reality of the agile layoffs is sinkng in and teams are scambing to fill the void of the ADLs. They want team members to improvise and close the gap of what the ADLs did. It's their company they should figure that out.

by
| 1460 views | | 7 replies (last February 11, 2023)
Post ID: @OP+1l84fIzw

How layoff hurts companies

Found this article, it is such a good read, this is what happened in C1. I hope management will learn some lessons. How Layoffs Hurt Companies https://knowledge.wharton.upenn.edu/article/how-layoffs-cost-companies/

by
| 1070 views | | 3 replies (last February 11, 2023)
Post ID: @OP+1l7KRES3

C1 company reviews

When I look at the posts here, CI appears to be really bad company to work for, stack rankings, culture of favoritism, bad HR policies, terrible top management, which are all true because I have experienced it first hand. My only regret is why the... — read more 

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| 1690 views | | 5 replies (last February 13, 2023)
Post ID: @OP+1l60LZyJ

stack rankings exist?

Told by management they don't do stack rankings contrary to blogs here and on reddit and Glassdoor that they do by employees. Who's lying?

C1 layoffs Virginians fight back

I searched in LinkedIn “Capital one agile” and found hundreds of profiles with heart wrenching posts, it was very sad to see thousand of employees living in Virginia have been laid off. I have also noticed of late C1 is mostly hiring from west... — read more 

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| 1740 views | | 6 replies (last February 10, 2023)
Post ID: @OP+1l4Bmb0x

I see a lot of promotions

A lot of promotions are happening at the top level, director and above. Mostly driven by suck-up-ability. The b.s. index is high in this company.

by
| 1640 views | | 7 replies (last February 9, 2023)
Post ID: @OP+1l2peD8R

Redeployment

Has anybody in the redeployment applied for internal jobs and were you successful in getting an interview, please post your experience.

An atmosphere of uncertainty

Maybe they thought that fear of getting laid off would make people work even harder, but I notice that the exact opposite is happening. Is there anyone who continued to work hard in such a chaotic and uncertain atmosphere that they created? — read more 

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| 1690 views | | 6 replies (last February 5, 2023)
Post ID: @OP+1kZ3d55l

Downward path

I don't like what's happening here at all. Cutting institutional knowledge and keeping the greatest mediocrity is completely irrational. I hope that the leadership is not too confident that the best people will be easy to replace or that their jobs... — read more 

by
| 1420 views | | 4 replies (last February 4, 2023)
Post ID: @OP+1kX6VqWj

CAP1 management

CAP1 has been hiring incompetent people in their top positions, they prefer people who look good and talk well and not talent. Card tech will be headed by a joker from Macy, if you look further in his resume he was also in Staples so after bringing... — read more 

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| 1430 views | | 3 replies (last January 31, 2023)
Post ID: @OP+1kVM0z0j

Humane way of downsizing

I feel a humane way of downsizing would have been, to eliminate the Agile job family as that is what they wanted but giving an option to employees impacted to move either to Product Owner, Technical Project Manager(TPM), or just Project Manager... — read more 

by
| 1560 views | | 4 replies (last January 29, 2023)
Post ID: @OP+1kVs3tYr

More cuts to come?

I don't have much optimism that there won't be another round, but that's just my opinion.

by
| 1380 views | | 3 replies (last January 28, 2023)
Post ID: @OP+1kSyshgs

The problem is not Agile but bad requirements

They fail to understand that the problem is not agile but bad requirements, the Product Owners are new, do not understand the business have no long term view and would not write user stories. All the Product work is being done by engineers. Also... — read more 

by
| 1450 views | | 2 replies (last January 26, 2023)
Post ID: @OP+1kRVHBKs

Promotions Announced and It was Nonsense

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... — read more 

Redeployment = farce

I think that C1 does not really embrace the internal movement of the workforce. In fact, it seems that most people think that redeployment is just a farce and nothing more?

by
| 1350 views | | 2 replies (last January 24, 2023)
Post ID: @OP+1kPbIEvr

ADLs

From my experience the ADLs didn't own the business or technology so didn't add much value. They also used to track metrics that didn't translate to any business meaning.

by
| 1730 views | | 7 replies (last January 26, 2023)
Post ID: @OP+1kNwVCsP

Layoffs will continue

This was just the opening salvo. Look around you. Both industries we fit in are in crisis. This will not end anytime soon and by the time it does, many more of us will be jobless. My advice is to start looking for a new job right now, even if you're... — read more 

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| 2090 views | | 5 replies (last January 25, 2023)
Post ID: @OP+1kMmN6Al

Doesn't seem like a good idea

Replacing agile project and program mgrs by product and engineering teams... many problems could arise from this, right?

by
| 1280 views | | 3 replies (last January 21, 2023)
Post ID: @OP+1kMjeXiS

constant redeployments

Nothing new at C1. I survived this round. More coming? Always in a few months and during next performance round.

by
| 1193 views | | 1 reply (January 20, 2023)
Post ID: @OP+1kMCy3qd

Try to see this as an opportunity

I understand that losing your job is very stressful, especially when the economy is bad. However, it is possible to find a better job, I speak from experience. I recently left and I'm sorry I didn't go sooner. Losing your job doesn't mean you weren't... — read more 

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| 1490 views | | 1 reply (January 20, 2023)
Post ID: @OP+1kLgtP5v

Are engineers safe?

From what I can understand - and I've asked around quite a bit - no engineers were part of the 1,100 laid of employees. Does this mean we're safe? I'm worried that since none were impacted in this round it's not that we're safe but that our turn is... — read more 

by
| 2450 views | | 2 replies (last January 20, 2023)
Post ID: @OP+1kLSSHrI

Severance pay

I am very sorry for everyone who was impacted and I wish you all the best of luck with your new job search. These are very difficult times in general. I am an outsider, but I had a friend who once worked here. I'm interested in what's the severance... — read more 

by
| 2400 views | | 2 replies (last January 22, 2023)
Post ID: @OP+1kLFFWBx

More to come?

I am sorry to hear that ADL people got laid off (if it's true) but I would most like to be laid off too. I never thought that one day I would want to be cut, but now I do because it has become unbearably stressful and hard to work here. I'm sure... — read more 

Hi

How do you do?

by
| 1061 views | | 3 replies (last January 15, 2023)
Post ID: @OP+1kFN5g1t

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