Haven’t worked there in years. How’s it going over there these days? From what I've read so far, not much has improved. I hope my old crew is doing well, though. Shout out to Philadelphia folks!
Why do we keep hiring?
I have nothing against hiring in general, but with several layoffs already this year and talk of even more, why do we keep adding more employees? Shouldn't there be a hiring freeze until they're done with cuts? It kind of makes no sense to lay off a... — read more
I’ve been on the lookout for other opportunities
But the situation is pretty dire. I don’t enjoy my job at Ally, but I suppose I’ll need to shift my focus toward holding on to it, at least if there’s any way I can influence that outcome. If you have any positive experience or advice about the job... — read more
Advancement avenues
Lately, it feels like those have been completely closed off. With below-average pay compared to other banks and very limited opportunities for career growth, it’s hard to stay motivated. I’ve been stuck in the same role for so long that boredom and... — read more
Good quarterly results
The results were better than I expected, to the point where I’m actually feeling a bit optimistic about layoffs. I’m hoping this will at least slow down the next round. Or maybe I’m just being naive, who knows.
Can’t wait to see how they’ll handle the next round of cuts
They’ve already reduced so many teams to the bare minimum that it seems almost impossible to make more cuts without hitting a breaking point.
Frankly, I don't care about layoffs
I'm more worried about being stuck here for much longer as the company keeps going downhill. Layoffs are the better options at this point, that's how low we've fallen.
How does Ally survive this?
With the stock market going down like this wouldn’t all banks go bust
Rumor of DOGE level upheavals
There is allegedly a team akin to DOGE reviewing every department and sniffing out “redundancies”. There are Olympic level mental gymnastics required to hunt for areas that can withstand loss of manpower while your corporate offices stand more than... — read more
Are more layoffs coming soon?
What are the odds with the economy and the stock the way it is now that more layoffs are happening shortly
RTO
With federal, CA State workers, and Abbot are enforcing RTO. It seems like our time is coming too. The norm of WFH is going away. Hope they let let us WFH at least Fridays
Umm, tariffs?
How bad are Trump’s tariffs for Ally? Is this pretty much a guarantee more layoffs are on the horizon?
What departments have had recent layoffs?
Curious as a former employee
Severance packages
Hello everyone, For those who have been laid off, I'm curious about your severance package details. For instance, did you receive a set number of weeks of pay per year of service (like 1–2 weeks per year), or was it structured as a flat amount, such... — read more
More layoffs happened on 2/14
If you weren't aware more layoffs happened ironically on 2/14. From my understanding it was only contractors. I encourage everyone (contractors and FTEs) to brush up your resume and look for other employment opportunities.
We’re running on fumes
Ally used to be the shiny new sports car on the block, ready to rev up and leave the competition in the dust. Now? It’s more like a rusty old clunker that barely starts, with the check engine light permanently on. The vision we were promised—of being... — read more
Sad Decline
It has been very sad to witness the transformation here over time. I have been around since pre-IPO and have had good success here personally. But the layoffs were just the latest example of where things have gone wrong. I used to be so proud to come... — read more
Tariffs
Should we bee worried about them
Bonuses seemed to be pretty good
Does that mean the company is getting back on track
What’s the quality of the Ally merch stuff
On the employee website where we order Ally clothes, branding, etc, have y’all found that the quality is or isn’t worth it? Want to ask before I spring like $50 for a shirt.
mass exodus
anyone else shooting off resumes like it’s your full time job to get away from here?
Inadequate Severance
I got basically nothing so I had to immediately find a job. Now that I have done so I can finally speak on this... Ally su-ks. The amount I was given was laughable. To all my friends who still work there, I pity you... the grass has indeed proven to... — read more
DEI
Ally hasn’t mentioned anything about opting out of the DEI program. Do you think Ally will follow other companies in removing their DEI program? Ally is strongly focused on ERGs, so I would be surprised if they stopped supporting it.
Why not just require 5 day RTO
If they don't wanna do layoffs again, seems like this would be an easy way to get natural atrition. The floors would look a lot less empty too. It's way easier to work with others who are in the same building as you
Short-Sighted Decision-Making
The recent layoffs at Ally reflect what many believe is a failure of foresight. Leadership is often quick to cite “economic uncertainty” or “market conditions” as justification for cutting jobs, but the layoffs suggest an inability—or... — read more
Michael Rhodes and the High Cost of Corporate Greed: Everyone not laid off should have empathy
A central theme in the criticism of Ally's leadership during these layoffs is their perceived lack of empathy. Executives often position layoffs as a purely financial decision, but for employees, they’re life-altering events. Careers are upended... — read more
From Vision to Collapse
I’ve been at Ally long enough to remember when this company had a purpose. We were supposed to be the future of banking—a lean, innovative force that could challenge the giants and redefine what it means to bank in the digital age. But somewhere... — read more
5 day Return To Office
Has anyone heard anything about RTO in Q2? There are a lot of rumors about going back to the office 5 days a week and having less overtime. Is that even going to increase productivity?
Cardworks ??
Ally and Cardworks a good news or bad news ??
Does anyone know employees are monitored electronically?
I can understand we are monitored on our work laptop but if we have our personal cell phone with Slack, Outlook, etc that is connect to our work Ally account, does Ally monitor that as well?
New Acc badging
The new acc badges for the employees to be used to track in and out of the office and get more people to be on the layoff list ?
Which lines of business do we think will be next?
Assuming we have another round of layoffs this year, which areas/products do you think will be hit the hardest?
Did office attendance factor into layoffs at all?
I feel like all the people I know who were impacted by the layoffs this week barely came into the office. Did that factor into how they selected the people they laid off? Would be more reassuring if that impacted it rather than just choosing random... — read more
I recommend brushing off the resume
So, Ally Financial recently decided to renew its partnership with Carvana, even after a major report from Hindenburg Research accused Carvana of financial mismanagement and questionable accounting. While it might seem like a smart move on paper... — read more
We finally made a list!
It's not a list of the best companies, or the best places to work, or anything like that. But it's a list, so it's something, right? /end sarcasm The full list of major US companies slashing staff in the new year, including Microsoft, BlackRock, and... — read more