Does anyone have any real insight into the typical distribution of Below Strong, Strong, and Above Strong ratings? I’m curious what percentage of employees generally fall into each category during calibration.
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On 8/3 about 15% of the company are are fired by trumped up PIPs. Because the merger with Discover has been over a year since. This time will be brutal to cut costs. You have a year to do something to not get fired. But eventually everyone's luck runs out.
Save your money.
@1pp as someone who will be starting at Cap One on 8/3, WTF will I be walking into? During the interview process, the recruiter painted this picture about the company and how I won’t be thrown into the fire and that onboarding/training to learn all the systems can take up to 5-6 months. But reading a lot of post about 15% will need to be put on PIP’s during mid year reviews and they might offer a small severance if you choose not to “beat the PIP/Coaching plan.”
All this now has me questioning if I made the right decision to take the offer. I’ll be at the Richmond office.
At this time all performance calibrations are done and within Workday come Monday, July 6th to end of month. All the PIPs will be handed out. You won't know until you get the call with your manager. Don't be naive. Never sign anything. Never agree with anything.
F* Capone.
@14n
When we can expect next set of the the layoffs? July or Aug
This mid year and end of year 2026 will definitely be 15% to 20%. They're desperate to cut costs.
@pz thanks for the info!
All reviews are already done by now. The reviews is already in workday but you cant see it. When the manager sets up a call to discuss your performance at the start of the call he'll give you access to thecreview in update. Its already been determind and settled. It was already settled in May / June for mid year. For end of year it's already been settled in November/ December.
@an any idea what date these ratings are truly finalized? Legacy DFS here so understandably super nervous.
but because of the merger the PIP target is likely 15% to 20%
10% to 15% are below Strong and to be placed on a PIP to be fired. About 10% Above Strong and the rest about 70% to 75% are at Strong.