Layoffs @ Capital One
https://www.geekwire.com/2019/capital-one-leaving-seattle-impacting-160-engineering-product-jobs-closes-tech-hub/ If their San Francisco office is still around, how long will that one last?
I'm sorry for those folks, but honestly 160 jobs can easily be absorbed by other tech conpanies in Seattle.
That's true. There's almost all of Amazon and Microsoft.
yikes! didn’t even know if this through my own company. SF seems to be doing really well
Leaving Seattle was a function of leaving the primary roboinvesting business. SF has several major functions that are only growing in scope so I think it will only get larger.
What we were told yesterday is that this was a geography decision rather than a business decision. Is it true that C1 Investing is going away?
Sucks. Let me know if anyone needs referral in Microsoft.
We decided to leave the robo advisor biz, unfortunate IMO but I get biz prioritization needs
SF location is much more diverse in it's portfolio, and there are a number of critical Enterprise teams located there. That location is doubling it's headcount this year, so it's doing just fine. Plus it's a trophy office for the company being able to say it's a tech company.
Do you consider C1 a tech company?
No.
Were people asked to leave the same day the layoffs were announced? Or did they get time to look for another?
This sucks. Happy to refer folks at F5.
F5 sucks even more.
Sure. What are you doing here then? Get out or stop whining.