Capital One Layoffs

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Topics regarding layoffs at Capital One

Branch Closing?????

I have heard rumors that they will be closing a bunch of branches. Does anyone know when it will be announced? I had heard Dec/Jan however now no 1 is talking about it. Any update would be appreciated
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108 views | no replies

Originations Operating Unit (Long Island - 26 Laid off)

NY STATE WARN NOTICE - Layoffs Announced Originations Operating Unit (Long Island - 26 Laid off) Date of Notice: 11/8/2017 Event Number: 2017-0135 Rapid Response Specialist: Frederick Danks Reason Stated for Filing: Plant Unit Closing Company:... read more
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355 views | 1 reply ()

Auto Finance

Conference Call with Sanjiv tomorrow with all people managers.
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689 views | 4 replies (last )

Nola office

Any word on the Nola corporate offices?
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294 views | 1 reply ()

Investing for sale

Latest update: Investing business is up for sale.
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709 views | 3 replies (last )

Las Vegas, Houston and Seattle

I really hope they stop here, Plano did get hammered but it could have been much worse. Las Vegas, Houston and Seattle may be the next target, but we'll see.
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239 views | no replies

Are Financial Advisors next?

Small business gone, lending gone, are the financial advisors next to get the chop. November 16 all hands on call will hopefully shed some light. Is it possible they are going to sell the retail branches?
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614 views | 3 replies (last )

There were 20 experienced IT associates in my batch of pink slips!

There were many of these kind of meetings today, they can hire 2 H1 contractors for one of employee salary . Binge hiring was there for some time, bad technology spending, bad technology management in the name of innovation!!! How can they employ... read more
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707 views | 2 replies (last )

Watch out for auto...

Not just mortgage and home equity laid off. Also some retail bank call center. Auto is almost certainly next. Probably similar scale.
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418 views | 2 replies (last )

Bye bye jackass

Capital one was by far the worst mortgage company I have ever worked for. Ran poorly from the top. Middle management was the definition of favoritism and who was in with the crowd. Definitely not a merit based company. I”m happy to see that Sanjiv... read more
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889 views | no replies

What else is left to exit?

Seriously, what else is Capital One planning to exit? Plano Mortgage and Servicing, Small Business, hearing Auto, oh, what else is on the chopping block. Happy holidays...
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502 views | 3 replies (last )

So, whats in your wallet? A "Pink Slip", right?

So whats in your wallet, "Pink Slip"... This layoff is confirmed... Heard Auto is not doing to well, either... My guess is Cap One will go away, its a shame had a lot of BOX buildings, even one with a slide, in Plano...
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722 views | 7 replies (last )

CapitalOne mortgage is laying off

CapitalOne has sold its mortgage operations and is having a second round of layoffs. Loan origination was today.
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846 views | 2 replies (last )

Plano Mortgage and Servicing

Do you have any updates on possible layoffs here in Plano?
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1050 views | 8 replies (last )

Small business exiting San francisco

The small business group has laid off everybody in the main SF office. 120 folks, and possibly more from the other teams. Business decision is the party line, which seems plausible. Concerns about C1 exiting SF altogether are being expressed in the... read more
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918 views | 3 replies (last )

Capital one is a sh-- hole

Capital One use to be a great place to work. The fact is they do not have any respect for their employees. They are guilty of age discrimination but cover their own asses with NDA AGREEMENTS when they dangle a package in front of your face. Don't... read more
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975 views | 1 reply ()

Capital One Layoffs 2018

I never knew that executives can be so sneaky, to tell you one thing and then to hit you with something else - the mood is pretty bad here in McLean.
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817 views | 2 replies (last )

Capital One pulling out of Chicago

Rumors are flying that Capital One is pulling out of Chicago. The US CARD layoffs announced 2 weeks ago so far have only impacted the business side. Tech is waiting for their turn. Meanwhile the annual performance" manage them out" phase is starting... read more
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959 views | 5 replies (last )

Capital One system is anything but fair or equitable

Anyone that believes the Capital One system is fair or equitable is not living in reality. The biannual process is a popularity contest not based on any quantitative data or any tangible results and is based on how well your manager and his/her peers... read more
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618 views | 2 replies (last )

Can we drop the whole performance review system?

This is becoming ridiculous... Working at Capital One is like being a part of a never-ending competition... You are pitted against all of your coworkers day in day out for the privilege of keeping your job (promotion is just a pipe dream...)... read more
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822 views | 2 replies (last )

Absolutely no job security

In other companies people worry about layoffs, at Capital One we worry about layoffs AND redeployment. Every year or two the company decides to shift employees around, demoting a bunch of folks and cutting a bunch more. It isn't performance based... read more
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827 views | 1 reply ()

A view from Wilmington

Captial One is very competitive, very political and has the ultimate cutthroat environment. Currently, we are in a massive "redeployment" mode – you should replace the word “Redeployment” with the word “Layoff” as it’s synonymous. Not sure if it... read more
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1032 views | 1 reply ()

Laid off in 2013

After 28 years with the company (multiple mergers) I was laid off! The package deal was not fair as it goes by salary and not years with the company. They were fair in a lot of the package but it was horrible being laid off. It felt like a breakup... read more
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1058 views | 4 replies (last )

Incoming Capital One layoffs confirmed - 400 affected

Capital One is about to lay off around 400 people at Rolling Meadows office... Most of the cuts will be in service operations, mainly cal center jobs... Not sure if other locations will be affected any time soon... read more
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1029 views | 1 reply ()

Seattle and SFO offices closure

Is this realistic to expect? Closing Seattle and SFO offices?
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803 views | 1 reply ()

Capital One Layoffs 2017

Job cuts later this year in McLean.
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5319 views | 9 replies (last )

It started - almost 200 layoffs in Seattle

Capital One just announced job cuts - about 190 people in Seattle will lose their jobs starting October 2016. Good luck to us all.
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1094 views | 1 reply ()

Meltdown - sub-prime credit card market

Capital One is the key player in the sub-prime credit card market. I wonder if Capital One regards its employees the same way Capital One regards those who have one (or more) of its sub-prime credit cards.
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581 views | no replies

Job Cuts in 2016 and Severance Payment

Do you know the terms of the severance payments for the employees that were laid off in 2016. It seems that not all people were treated equally? Are there cases of discrimination?
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1631 views | 3 replies (last )

About to be hired

Offered an IT manager position, currently employed. Reading all the stories about forced ranking and layoffs, feeling insecure. Have a family to support. Can anybody share a severance package that Cap1 offers? Is it negotiable? Please respond ASAP!
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1190 views | 1 reply ()

Capital One Layoffs 2016

What is the likelihood of Capital One layoffs in McLean in 2016? Please let me know if you have any information.
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1773 views | 3 replies (last )

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