Capital One Eliminates 1100 Technology Jobs
Industry News
January 24, 2023Upd on August 17, 2023
Capital One has cut over 1100 IT jobs as the credit card company phased out its “agile” job family.
According to Capital One, dedicated agile jobs are no longer required, and engineers and product managers will instead be expected to integrate agile methodologies into their work.
According to the statement, the agile position in its tech organization was crucial to its initial transformation phases. Still, as the organization matured, the obvious next step was to incorporate agile delivery processes directly into core engineering practices.
However, Capital One says it invites impacted workers to apply for hundreds of job opportunities that the company has.
As the company says: “This announcement is not a reflection on these individuals or the work they have driven on behalf of our technology organization. Their contributions have been critical to maturing our software-delivery model and our overall tech transformation.”
Milena Moon is the head of media projects in the marketing department of the B2Broker Group. Milena's career began in 2018 as a freelance social media journalist. Since then, she has sought out and written about the latest crypto trends, from news in the sector to educational articles that help newcomers immerse themselves in the crypto industry in the easiest way possible. Milena also has experience and education in the TV industry, which help other B2Broker projects thrive.
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Seasoned copywriter with a focused expertise in crypto and fintech, adept at translating complex industry jargon into clear, engaging content. Driven by my mission to illuminate the intricacies of the crypto and fintech industries, my commitment is to create and deliver content that educates, engages, and empowers. I strive to foster understanding, inspire confidence, and catalyze growth in these dynamic sectors, contributing to the forward momentum of our digital financial future.
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As a hard-working, goal-oriented, and well-rounded person, I always strive to do quality work for every job I do. Faced with challenging tasks in life, I have developed the habit of thinking rationally and creatively to solve problems, which not only helps me develop as a person, but also as a professional.
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