Bank wants to be a tech company, fires 10-15% of employees every half for no reason other than policy - Senior Software Engineer Capital One Employee Review

2.0
Nov 4, 2025
Recommend
CEO approval
Business Outlook

Pros

Good pay, generous sign on bonus and severance pay Flexible hybrid in office, seem to be slowly tightening though

Cons

They're trying to be a tech company but instead they make a lot of things are unnecessarily complex and using in-house tools that you'll never see outside the company. It was very frustrating trying to diagnose problems with all the extra layers to get through. I liked my time at Capital One though and was a little surprised when my boss, after having bi-weekly one one one meetings giving positive feedback, told me during mid year reviews that I was being put on a PIP due to something that took me too long to work on 6 months ago. What? Why was this never discussed before in our one on one meetings? I don't think anyone would dispute that I was very loud and clear during daily standups about issues I was having while working on that project and how I was solving them or which team I was reaching out to. I did more research and learned about stacked ranking and Capital One's policy of firing the "lowest" ranked 10-15% every half year. So watch out, even when everything is fine and you're consistently delivering on all your projects, being arbitrarily ranked lowest will still require that you or someone else on your team who did nothing wrong will be fired.

Explore other reviews about Capital One

5.0
Jul 1, 2026
Recommend
CEO approval
Business Outlook

Pros

Good opportunity and good career development

Cons

Pay is not competitive in the current market

1.0
Jun 30, 2026
Recommend
CEO approval
Business Outlook

Pros

Environment was good, food was decent, free food at my location (dont know if it was allowed but it was good)

Cons

The rittenhouse location is managed by a tyrant, he is an incredibly toxic man and upper management make it the most unbearable place to work. Andy will ask you to come in on days you're not scheduled, and then hold it over your head if you don't. Talks about employees behind their backs constantly. No respect enforced employees talked about each other all the time and there was even name calling in meetings, management did nothing. Worst place I've ever worked in my life frankly and affected my mental health in the worst way. Glad to be out out of there. The place itself has potential but the management at the Rittenhouse branch and above them is absolutely terrible in every regard.

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