Thread regarding Capital One layoffs

PTO when acquired by Capital One

What has C1 done in previous mergers where acquired company employees have tons of PTO each year.

DFS maxes out at 35 days of PTO annually (25 years at company) and starting to wonder what is gonna happen.

by
| 861 views | | 4 replies (last August 17, 2024) | Reply
Post ID: @OP+1u0zct49

4 replies (most recent on top)

Hi Rdy4nothing, I didn’t mean to scare you, but be ready for the brutal “Rank and Yank” stack ranking every six months. We’ve heard that DFS does something similar, but we’re not sure how bad it is over there. Here, it’s been getting worse for the past two years, which we believe started when former Amazon executives took over top positions here.

by
| | Reply
Post ID: @3siy+1u0zct49

The only good thing I like about C1 is the flexibility, I work from home and since I’m a 5 yr associate with 32 hours after buying time of PTO + flex yeah that’s the only reason I’m still here. Pay is sht, benefits are good too but you’ll never get anywhere unless you make 100k+ here which I’m not even close

by
| | Reply
Post ID: @1dve+1u0zct49

Capital One gives employees 4 weeks off the bat, with a 5th week at 5 years and a 6th week at 10. They also give 2 floating days of PTO and allow employees to purchase up to 40 hours of extra PTO. Add a week of Bereavement time, voting time, early releases (in most departments), and Flex Time too. Hopefully your hours transfer over but if they don’t, you won’t be too far off, spending on what your role would be.

by
| | Reply
Post ID: @1dat+1u0zct49

I think my colleagues who came from ING Direct carried over policy from there.

by
| | Reply
Post ID: @hmt+1u0zct49

Post a reply

: