News says another 246 employees to be laid off in Plano by October 1st... wow what a surprise(not). Any word of which branches will be closing?
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Topics regarding layoffs at Capital One
Plano folks can't seem to catch a break. Nearly 300 people are slated for layoffs in Plano as a continuation of Capital One's exiting mortgage and home equity business. I'm not sure if the people who are being laid off have been notified yet... read more
Little folk to get walking papers soon, I imagine.
I heard there will be more layoffs at the Plano campus around the end of the year / beginning and they are going to rent out some of the buildings. Anyone have any additional details?
Has anyone heard any layoffs coming to Las Vegas?
Just last week, the home loan division of New York-based Genpact said it is laying off 124 mortgage service employees in its Richardson office. Late last year, Capital One pulled the plug on almost 950 jobs at its Plano operation as the company... read more
Has anybody heard about a second wave of people being layed off. Keep hearing it will happen before year ends.
What happened on the all retail call this morning? What announcements were made?
More layoffs are occurring and projected, more Branch closings to,continue. Future acquisition of/by\
No posts on Commercial Card, huh... Not even in 2017 when major layoffs happened.
Why do we keep acquiring other companies while at the same time laying off our own good people? How badly do we need to own Confyrm? And how many good people lost their livelihoods to make that acquisition possible? It would be really nice to see... read more
Capital One is laying off once again in St. Cloud. This seems to be one of the smaller rounds, maybe up to thirty people altogether, although I'm sure those losing their livelihood will not be comforted by that fact. At least they can apply to other... read more
Is it true they're selling off the partner cards business, or closing a huge part of the downtown Chicago office? This is just something I've heard from a guy who heard it from a guy in McLean.
Capital one is the worst place to work .Managments are very vindictive. They threatened employee to take away their severance and also small bonus. When u write email to the CEO and the Hr no one helps you for unfair treatment from your District... read more
This is not right and I’ve reported to HR on the bullying tactics from management. Has anyone else been threatened from there manager that they will take away there severance if they don’t follow all there BS rules?
7 months severance
Letting go people in cities. Heard they are keeping top 30 advisors and their books as a package and selling. We have heard Whitney Bank as well as AIG Advisory. Sad deal for all involved. That program went from top notch (especially in South... read more
Rumor. Is COI gone Friday?? Is someone trying to recruit advisors to Woodbury Financial?? Let's check back after a Thursday meeting
So I’m thinking the people invited to the city this Thursday are being let go. Any idea what these meetings are going to be about? Why are there 2 separate meetings?
Let’s be honest, this downward spiral started 7 years ago with Fat Boy Apello and not Tom. Hard to hold Tom accountable for a line of business he didn’t have full control over. Fat Boy gave Galante, a totally clueless individual, more stroke than... read more
Just announced. Private Banking home loans will no longer be made available to our high net worth clients. This because the idiots at the top didn’t have a backup plan for servicing, when deciding to exit the retail mortgage/Home equity arena... read more
Final countdown is upon us!! Good luck to everyone! And FU Silly and brown sugar!
Are they being sold, drpped entirely? Any word on when a decision will be announced?
I have a job offer with Capital One to work in their technology group at McLean campus in Virginia. But Capital One seems to be laying off people almost every week. How is the situation in the technology group?
So now that we all know E-Trade acquired a part of our retail brokerage business, we can all start updating our resumes. I know the company said there will be "some" layoffs, but I am willing to bet that "some" is going to be most of Wilmington... read more
What a great job by those at the top of Investing! Really turned around what was a profitable, well run, fun place to work! Now a division losing money, poorly run by those with no prior experience running a bank BD, shrunken product offerings for... read more
Capital One Investing will likely be acquired within the next 2 months.
Sometime by August or September 2018 more layoffs to come.
I was employed at Capital One for a few years. Every day there I wondered why Capital One was in the mortgage business. The company overall is great; however, mortgage was the most poorly ill-conceived segment. The lack of mortgage programs available... read more
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
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
Conference Call with Sanjiv tomorrow with all people managers.
Any word on the Nola corporate offices?
Latest update: Investing business is up for sale.
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.
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?
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
Not just mortgage and home equity laid off. Also some retail bank call center. Auto is almost certainly next. Probably similar scale.