Thread regarding Capital One layoffs

Anyone heard their mid-year feedback yet?

Curious with the increase in below strong rankings if anyone has heard their feedback yet and felt like they were trying to be PIP’d?

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| 3131 views | | 7 replies (last July 20, 2023) | Reply
Post ID: @OP+1nyFjGI8

7 replies (most recent on top)

Past years the bottom use to be around 6%. Now it’s between 15-20% depending on the org. The next couple months will be a blood bath with people being forced to leave due to PIPs for “under performance”.

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Post ID: @9soo+1nyFjGI8

I was told the bottom is 20% and half of those people in the bottom will get PIPs.

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Post ID: @9dog+1nyFjGI8

I was told that I'm safe but 12 to 15% will get below strong and immediate PIP with little chance of recovery When you consider promotions and new hires who cant get below strong, the 12 to 15% grows larger percent of the remaining associates. Lots of hostility in mid-year calibration sessions

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Post ID: @4frf+1nyFjGI8

Been told that I have been but I am yet to have my mid-year performance review.

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Post ID: @3pbc+1nyFjGI8

which areas in tech?

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Post ID: @1hoe+1nyFjGI8

They are doing a slow and painful process. In Auto, since yesterday PIP delivery started for product. I have seen mostly Women, long tenured people 10+ years with Cap1 are letting go plus , people genuinely are in BS. For tech, Week of July 24th it will start.

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Post ID: @1exf+1nyFjGI8

PIP’s are coming. They are pipping all the can so if you ever received anything low ever you will be Pipped. They recently adjusted the amount of weeks you get for being pipped out. Get people to take a PIP before the layoffs come and it costs more to get ride of them. People will not be getting off these PIPs so it would be best to take the extra two months vs trying to work off a PIP they don’t want you to.

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Post ID: @1zjr+1nyFjGI8

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