Topics regarding layoffs at Ally Financial Inc.

Topics regarding layoffs at Ally Financial Inc.

Randomly thought about Ally today

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.

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.

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 

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?

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

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 

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?

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 ?

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 

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