Anonymous wrote:LOL! Capital one is a joke in the financial sector. Rarely you have seen their employee going to influential positions. It is becoming more like an IT company.

Promotion in-house is horrible and you have to be at your position for a few years regardless of the performance before being considered so there is really no motivation for staff to work hard.

Pay is terrible too . Laughing stock of dc that company

Anonymous wrote:

Anonymous wrote:Capital one needs to man up and start firing ASAP. I say call then back no WFH and see who quits. Then fire some more.

I worked at an 18,000 person firm once and we laid off 6,000 in a matter of week.

Won’t happen with Rich Fairbank at the helm. He’s already indicated that he isn’t rushing anyone to the office and said that the banks liquidity is strong and that he pulled away from risky investments over a decade ago so C1 should be able to weather the storm better than others...

Ofcourse, he is going to say that. They also said that before banks failed in 2008. No one is going to create panic. They did lose a few billions on the risky oil derivatives though so not sure how is their liquidity. They were also given a special waiver in March for capital reserves because they didn't have enough. No wonder the stock crashed very badly in March and April.

My basic rule of thumb how a company is run comes from it's employees - if there are freeloaders and barely anything to do at lower or mid-level then it's going to catch up with any company. The contracting culture at CaPone is even worse.

DH’s department was aggressively recruiting and hiring through the first month or so of this shutdown. I was asking him at the time if that really made any sense. Right after that, they put in a hiring freeze.

Anonymous wrote:Capital one needs to man up and start firing ASAP. I say call then back no WFH and see who quits. Then fire some more.

I worked at an 18,000 person firm once and we laid off 6,000 in a matter of week.

Won’t happen with Rich Fairbank at the helm. He’s already indicated that he isn’t rushing anyone to the office and said that the banks liquidity is strong and that he pulled away from risky investments over a decade ago so C1 should be able to weather the storm better than others...

Anonymous wrote:Capital one needs to man up and start firing ASAP. I say call then back no WFH and see who quits. Then fire some more.

I worked at an 18,000 person firm once and we laid off 6,000 in a matter of week.

OK Trump

Capital one needs to man up and start firing ASAP. I say call then back no WFH and see who quits. Then fire some more.

I worked at an 18,000 person firm once and we laid off 6,000 in a matter of week.

Anonymous wrote:Capital One has a lot of cash so budget is not tied to stock price. The price has rebounded some.

Its interesting to see the comments on cap1. As someone who worked there a long time, it is a good place to work. All the comments are true and all the comments are false. Its a huge company. Sometimes I worked 70+ hours a week, sometimes I didn't have to work. Some people get promoted every year (yes!) others do not. It's kind of luck of the draw and the situation.

It seems Cap One workers will be home a very long time. My guess is that WFH is saving $

Their income is going to be negative for next couple of quarters due to risky oil derivatives. The cash going to waste is bringing the belt tightening soon.

Anonymous wrote:Capital One has a lot of cash so budget is not tied to stock price. The price has rebounded some.

Its interesting to see the comments on cap1. As someone who worked there a long time, it is a good place to work. All the comments are true and all the comments are false. Its a huge company. Sometimes I worked 70+ hours a week, sometimes I didn't have to work. Some people get promoted every year (yes!) others do not. It's kind of luck of the draw and the situation.

It seems Cap One workers will be home a very long time. My guess is that WFH is saving $

There will be cost cutting coming at CapOne too. Not sure what level you are at but I can't see a company surviving by having their employees waste time or by barely keeping them busy.
As you said, "luck of the draw" - your promotion shouldn't be dependent on the luck but on the performance and I barely see that materializing at Capone at any level. I do work with someone that is a senior director and other as analyst - bare minimum work is what they get by. Running to Costco at the middle of the day is a norm. Lol

Anonymous wrote:I am missing on the issue here.

My old company right by World Trade Center got covered in absestos etc we even found human remains on roof. ,

We reopened for work on 9-17 2001. No work from home. Get your ass to work.

My company needed to do layoffs. Guess what we did no layoffs. The folks who did not want to come back quit and solved the problem

Capital one has too many people and has not done layoffs even though stock is way down. Just order them back to work and let folks quit if they dont like it.

FYI, WF (5 times the employee size of Cap One) has already said there will be massive layoffs at the end of the year. Their associates are taking surveys to determine where there is duplication of efforts and room to cut.

The the other poster, I don’t think Cap One is saving much from all associates WFH. They are in t he middle of building a third tower in McLean that was likely originally designed in layout to the other two (ie. Enclosed offices for VP’s and above only) and everyone else sitting shoulder to shoulder in communal areas. Management has already said that we will never be returning to our old desks and likely not to our old floors. They are scrambling now to figure out how to reconfigure the existing space. My guess is that anyone who wants to WFH permanently will be allowed to do so (except for perhaps for teams that require face to face collaboration).

Capital One has a lot of cash so budget is not tied to stock price. The price has rebounded some.

Its interesting to see the comments on cap1. As someone who worked there a long time, it is a good place to work. All the comments are true and all the comments are false. Its a huge company. Sometimes I worked 70+ hours a week, sometimes I didn't have to work. Some people get promoted every year (yes!) others do not. It's kind of luck of the draw and the situation.

It seems Cap One workers will be home a very long time. My guess is that WFH is saving $

I am missing on the issue here.

My old company right by World Trade Center got covered in absestos etc we even found human remains on roof. ,

We reopened for work on 9-17 2001. No work from home. Get your ass to work.

My company needed to do layoffs. Guess what we did no layoffs. The folks who did not want to come back quit and solved the problem

Capital one has too many people and has not done layoffs even though stock is way down. Just order them back to work and let folks quit if they dont like it.

Anonymous wrote:Yes, I doubt if they own the building. Probably some other company build it for them for a long term lease. Even if they do own it, buying a RE in Mclean is probably the smartest decision made by them.

Place has very low morale and some of the groups have no idea what's going on. They keep the contractor headcount high to show that work is going on but these contractors also lack basic IT skills. Really?

Capital One built and owns the building.

Yes, I doubt if they own the building. Probably some other company build it for them for a long term lease. Even if they do own it, buying a RE in Mclean is probably the smartest decision made by them.

Place has very low morale and some of the groups have no idea what's going on. They keep the contractor headcount high to show that work is going on but these contractors also lack basic IT skills. Really?

Did they just pay big bucks for a brand new building? What a waste...

Yes, that's pretty standard work week there. No wonder they don't get promoted when company culture is so laid back.

If you are self-motivated and high performer then CapOne is not a place for you. It would get you depressed when you see your hard work is not bearing results and you still have to kiss ass to get a decent bonus.