Thread regarding Capital One layoffs

Toxicity Coming Home to Roost: Capital One drops from #47 in 2023 to #85 on Glassdoor's 2024 Best Places to Work List

Capital One dropped almost 50% from 2023 to 2024 on Glassdoor's Best Places to Work list. C1 has shaved off a ton of rank and file and mid level staff, but the toxicity described on the glassdoor reviews because of how layoffs and performance rankings have been done should have senior leadership on the rocks. Folks are too busy looking for new jobs and coping from poor environments to be productive and innovative, and C1 has no one but themselves to blame.

For comparison and context, I have a friend at Boston Consulting Group / BCG. They have been doing forced ranking like us, constant rolling layoffs, quiet layoffs veiled under "performance", poor communication... for the past year as well. They went from #7 in 2023 to #91 in 2024. So there's some similar experiences we share. He shared a link with me from reddit where BCG's experiences sound eerily like ours.

At this rate, C1 will be off the list in 2025.

Talented folks--don't come here.

Great job C-suite. ::claps::

Link to 2024 Rankings: https://www.glassdoor.com/Award/Best-Places-to-Work-LST_KQ0,19.htm

Link to 2023 Rankings: https://www.glassdoor.com/Award/Best-Places-to-Work-2023-LST_KQ0,24.htm

Link to BCG reddit: https://www.reddit.com/r/consulting/comments/1bwaws4/why_do_you_think_bcg_jumped_to_91_on_glassdoor/

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| 2862 views | | 12 replies (last August 11, 2024) | Reply
Post ID: @OP+1rWDqsbR

12 replies (most recent on top)

Toxic culture. Some People working there are conditioned to believe this is a normal working environment and I've heard people say Its like this anywhere you work now. I refuse to believe that and will be grateful when my experience is history. I can look back and be grateful for the positive experiences and forget abt all the negative stressful ones.

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Post ID: @21zgt+1rWDqsbR

I was laid off in November while I was STD leave, I was told that employees who were redeployed and applied for other Jobs in the company would be considered first. It happens that was simply a lie, I’ve applied for several positions all of which I was more than qualified for and never once did I even get considered. I later received calls and texts from others saying the same thing, a lot of people who were on STD were laid off and never considered for another position. It’s true if you’re not in the clique or over 50, you’re done. However if you are in a clique and are a manager you can literally commit fireable offenses against your own team members, lie and cheat, provide completely false information on mid year reviews and if you challenge that review like someone else said your wasting your time. Meanwhile the manger totally in the wrong quietly gets promoted and suffers absolutely zero consequences! It is a good company to work for if your in your 20-30’s, if your in your 40’s or 50’s no matter how well you do, “inclusion” is not meant for you!

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Post ID: @onxj+1rWDqsbR

@jltk+1rWDqsbR You’re so right about it going downhill after following their “process” for feedback. Not one person in leadership or HR actually cares to hear about anything. Capital One’s customers should be weary of trusting them. I myself had a target put on me after going to leadership with feedback on illegal practices and breaking regulatory compliance laws. How they’ve not been investigated yet is beyond me

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Post ID: @jqsj+1rWDqsbR

Capital One is a joke. Worked there for six years. In the beginning, it was a great company. When I got my first bad performance review about 1.5 years ago, my manager included incorrect info. I challenged the review following the C1 process. Things went downhill from there. Terrible management, terrible performance review process. If you’re all about su-king up to management, it’s the right place for you.

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Post ID: @jltk+1rWDqsbR

When I worked there between 2018-2019, I couldn't understand why they were on the list for greatest places to work. The toxicity is real. I mentioned it in those surveys they force you to take. Didn't hold back. I was shown the door later but didn't give a cr-p. They su-k big time.

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Post ID: @9azr+1rWDqsbR

A few years ago I remember reading an article about C1 being a great place to work and they mentioned a perk, I forget what it even was all I know it was something they didn’t even offer to remote workers…. Only on site.

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Post ID: @7xqf+1rWDqsbR

The awards are rigged. As someone stated earlier, HR handles filling out most of them with “glowing” data.

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Post ID: @6nxs+1rWDqsbR

C1 is excited about this Fortune Best Places to Work ranking. However, the Fortune Top Companies to work for list is BS. These surveys go to a company's HR department, and then HR fills out the survey with their tailored responses. The "best" foot forward is showed for the company toward Fortune. Glassdoor isn't perfect, but the feedback from staff is something you can't brush away like with this award, even with occasional bloviated reviews.

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Post ID: @4rgk+1rWDqsbR

I agree. I went from a very strong to a PIP in one year. It was because I wasn’t in their clique and still thought our honest and constructive feedback mattered. Boy, was I wrong. Waiting for my box to return my equipment😂

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Post ID: @4xow+1rWDqsbR

As someone who was burned by this godforsaken company, I just laugh. Capital One has truly ruined its reputation.

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Post ID: @2ipw+1rWDqsbR

Capital One rabbis # 15 on the 2024 Fortune 100 best Companies. I just don’t know how. This Company should be on the of 100 worst companies

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Post ID: @wou+1rWDqsbR

Capone should have never been on the list of best places to work, but on the list for top #10 worse places to work.

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Post ID: @pbq+1rWDqsbR

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