Thread regarding Capital One layoffs

Worried about year end feedback

It’s the new year and time for leaders to give year-end feedback to their people. When does that take place exactly? Is it mid or late January? I wonder how many people will get put on coaching plans, PIPs or redeployed like at mid year. I was put on a coaching plan at mid-year but somehow “passed” by taking on a huge project that was successful. While I’m currently still employed, I’m worried about year-end now. Would I go straight to a PIP or back on a coaching plan if my performance was “lacking” at year end? Just wanted to get thoughts, feelings or knowledge above what to expect in the next month. Is anyone else scared of what their fate may be or is it just me?! This is certainly no way to live…

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| 2401 views | | 12 replies (last January 22, 2024) | Reply
Post ID: @OP+1qosHWae

12 replies (most recent on top)

Horrible just horrible- not very trusting

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Post ID: @jkmv+1qosHWae

How to opt out from coaching plan or pip and get a severance package? Will the opt be offered as an option automatically or you have to negotiate with C1? Who do we negotiate with and how?

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Post ID: @9xtl+1qosHWae

To the person who inquired on how a division plays a role. I am not super clear on the whole process but I know that the head of the division (an EVP or above level) has control/call on how many people get pushed into the different rating buckets. Needless to say, they take into account broader corporate guidance as well. For instance, the guidance on not putting folks on a coaching plan in the next cycle if they have been on one in the previous one is an HR and broader corporate guidance.

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Post ID: @4pdm+1qosHWae

Question for the C1 manager. How does the division play a part in determining if a employee gets a below strong with or without a PIP or coaching plan?

If the entire company is in this stack ranking for calibrations how is it decided who and who doesn’t get a pip based on division?

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Post ID: @4nfs+1qosHWae

OP here. Thanks to those who responded. Update: I was able to pressure my manager into telling me if I got a strong or not. While she didn’t flat out say yes or no, she did say calibrations were out of their control sometimes. I replied that didn’t sound very promising and she said, “I’m sorry.”

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Post ID: @4xeq+1qosHWae

Agree with the previous poster, outside opportunities will be the best choice. Know many people did well before the sick subjective CP/PIP and in the new roles outside, sh-t happens.

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Post ID: @3pdr+1qosHWae

Sorry to hear about your situation. A C1 manager here. Depending on your division you will be forced into a below strong but won’t be put on pip. This is what happened in my division.

Think long-term, however. Depending on your level, you run the risk of having the stain of a coaching plan on your file. Any future manager will see that. Then the bar is raised on you to have your managers look past this for raises and promotions. Also, when a layoff list is assembled in the future your name will be a low hinging fruit.

I didn’t mean to be harsh, just wanted to lay things out so you know what’s involved and make the right decision for yourself.

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Post ID: @3nlj+1qosHWae

C1 will always act in C1’s interest. When those interests align with yours everything is wonderful. Inevitably at some point C1’s interests will conflict with yours and when that happens C1 will not hesitate to cut you loose. Look out for yourself. Loyalty will not be repaid in kind.

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Post ID: @1zoo+1qosHWae

#Union2024

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Post ID: @1kye+1qosHWae

Don’t let the others fear monger you. If you passed your coaching plan you’ll be fine for year end. Also the economic headwinds are such that 2024’s midyear won’t be as cut throat. Good luck brotha.

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Post ID: @ngz+1qosHWae

If you get a below strong and told you'll be put in a coaching plan or pip. You respond in your Workday review that you strongly disagree and that you're a protected class employee and you accuse them of bias, harassment, and discrimination. You DO NOT take a PIP you negotiate severance and leave, no matter what they tell you is the severance you always demand more by telling them they discriminated against you and you need restitution.

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Post ID: @jdd+1qosHWae

Count on this continuing. It has gone on to a lesser extent for over 20 years. It is part of working at this company. It is a toxic culture. You either stay and let it control your life or you move on and find a better work/life situation.

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Post ID: @bhg+1qosHWae

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