Just got a Sr.Manager offer from C1 today. Thoughts on capital one’s WLB, latest performance review process, PIP, layoff, culture, stack ranking? It seems like they are doing layoffs/pips in the name of high bar. Was very certain on joining but latest posts on blind are shaking my confidence. Update: The poll started out very negative and it has got a lot more votes in favour of C1 recently. I came across a lot of different posts for other companies like Meta, TikTok, Google, Amazon etc. and found a similar pattern where people are dissatisfied or tired of the status quo. Is this where the tech jobs in general are going? Lack of satisfaction, unclear expectations, instability, boredom, fake promises and playing with words like engineering excellence, high bar, coaching, empathy etc etc. that means nothing in real. Old TC: 250K New TC: 400K YOE: 12 #capitalone #engineeringmanagercomp #tech
Is it senior manager or manager? And which location
400k for Manager? Bullshit. Has to be at least SM and HCOL at that. That’s more like Director comp tho
It is for SM
Not sure what HCOL is. I’ve been at some good companies in the past. It’s a Sr EM role
HCOL = SF or NYC. Although if you’re counting max opportunity of both bonus and LTI, and also your entire signing bonus in year 1, I guess that would track. That won’t be your W2 income tho
Don’t listen to the naysayers. This is an opportunity for more “mature” engineering leadership. Yes, product is going through identity crisis, yes we where heavy over Covid and opted to not be as aggressive during bad times. Now is a bit of a correction, good opportunity for anyone joining (more power/influence/positivity).
It’s been really brutal the last year…… I joined over a year and a half ago with WLB and remote friendly being two large factors. Its crazy how quick they cracked down. Both are non existent now. I would hate to be a people leader right now going into cross cals. All the good talent will leave as soon as the market picks up. Even if previous culture returns. The damage is done and I don’t think there’s any trust left.
My whole team will probably collapse after spring hiring season.
Could elaborate more on this? What makes you think your team will collapse?
C1 is an absolute hellhole right now for folks. Performance management is a bi-annual hunger games essentially. It’s been called “Amazon without the pay” by many folks. All that said the offer is better than your current TC so consider it.
I think you mean "Amazon without the pay"
So I’ve been hearing this on few posts in blind. But what seems to be the reason for this? Are people not delivering? Or it’s simply unrealistic expectations?
The ones who don’t deliver are easily placed into a below strong category. However, when everyone else is delivering and meeting all job expectations, they will knit pick minor flaws an associate has and use that to force them into the below strong ranking. C1 has increased their “below strong” distribution range at each level. As layoffs continue, the amount of associates to stack rank against continues to shrink and that’s where the selective knit picking comes in.
So they are doing layoffs too?
Do yourself a favor and stay away for the foreseeable future.
Could you please provide some more context behind your comment? Would like to understand more
From internal blind poll. This should be enough indicator. Leave here being leaving C1
I would not recommend for a role Sr Manager and above
Do you work as a Sr Manager?
Could you share more of your thoughts?
400K for SM is outside of band, is this NY?
Yes
Makes sense I think, NY is significantly higher band
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I've heard they have a strong pip/stack rank culture.
Hell ya we do. It's turning into a nightmare.