I have never seen a place where making big mistakes gets you promoted faster than doing your job right. Until I joined Ally.
Layoff Rehire
Anyone ever see someone get laid off and was rehired after a certain amount of time when they decided to reapply?
So why is the economy so bad?
I know the obvious answer is because of who the POTUS is. But how does the market continue to rise despite unemployment likely to hit 30-40 percent by Q1 2027
That Employee Survey
First question on the latest employee survey: Are you happy at Ally? (Y/N). This is a loaded question that will be used against you. If your manager in any way suggested/encouraged that you complete the survey and you answered this question, you... — read more
Why does Ally ever lay people off anyway
We make so much money so explain why in the world they always letting people go
Layoffs today 4/29?
Heard through the grapevine that there would be layoffs this week, can anyone confirm?
Favorite music?
What type of music do y'all listen to?
How are the vibes right now?
I must admit I’m not really feeling doom and gloom right now. Should I be?
Can anyone explain why earnings was so good
Since everyone been saying its all doom and gloom
Why not just buy BofA?
If Ally wants a bigger footprint in the banking world, why aren’t we just buying Bank of America, Wells Fargo, etc?
Is it possible to volunteer for layoffs?
I need a break, and I wouldn't say no to severance.
Which Friends character best suits Ally
Feel like we should have some fun with this one. I’m saying Ally is a Rose!
Changes to the tech org
For those working in tech, does anyone have the inside scoop of what changes are on the horizon? I heard they are cracking down on being in the office X amount of hours per day, new desks are being built on the tech floors, lots of leadership has... — read more
Reorg/layoffs?
Anyone know anything yet about when and how many?
What's the latest on layoffs/reorg?
Anything major expected next week? Any leftovers they haven't dealt with yet?
Satish email
So , we are confirmed to have a layoff by looking at Satish email. I am confused with his email whether he is leaving ally or moving to a different role.
Two major leaders leaving Ally in two months of each other
Donna Hart left Ally in January and she was CIO over IPRM. Now Satish is leaving CIO over Tech. What are your thoughts?
Anyone heard anything new about layoffs?
Rumors are flying about cuts tied to the reorg, but I've got nothing solid. Some layoffs make sense with any reorganization, but folks are talking about a big round. If you know something real, please share.
How will they choose the unlucky people to lay off
Obviously, it's highly unlikely we lose any directors/managers/seniors if we have any layoffs on the horizon. How do they choose who to get rid of? Lowest paid?
What was the severance in the last layoff round?
The usual or did they reduce it?
Reorg?
Lotta chatter about a possible reorg. Any sense of timing and how broad it might be (targeted teams vs broader restructure)? Trying to understand what to expect.
How would a 30 percent national unemployment rate impact our jobs
everytime I log onto linkedin basically every other post is someone posting something about being laid off and its terrible. if we get a roughly 30 percent unemployment rate like many people think what does that mean for our own jobs
How many are being laid off?
There have been a few posts or comments saying there will definitely be layoffs next week. Does anyone know the percentage of people being let go? 20 percent? 50? More?
How do layoffs be
How do layoffs be here? Do we got anything in our power to prevent them or are they just random as he-l? Is there a way to know whether we on the layoff list to save ourselves before they happen? Does our manager know yet if we gonna get cut
Did you get the 2% raise? Market rate adjustment or no raise?
Just wondering what others received. Did you get a bonus?
Does rating even mean anything
Let's say I got needs improvement. Does that make me any more likely to be let go than someone who got meets/meets
Bonuses
Will they be better or worse than recently?
Is it going to happen in March again?
With the Org changes , February is the payout.. rumors being spread that there will be something happening in March again 😞.. hope it stays as rumor , but its been a regular thing now.
Grateful
Thank you to all the contributors of this site on Ally news. I find much of what’s said comes true and it’s nice to get the unfiltered viewpoints. Happy new year! Let’s go!
Ally Severance Question
For anyone who’s been let go, did your final paycheck and accrued PTO come in as one deposit or two separate ones? Just trying to get an idea for planning. Thanks in advance.
Bait-and-Switch
I was hired as a software engineer……. But now I’m being asked to do work that has nothing to do with the JD……. I genuinely don’t know what to do. It barely feels real like who hires you for a full stack python software developer and then suddenly... — read more
What is the purpose of stock buyback?
See title
Stock’s a tumblin’
I’m sure this isn’t a good sign about preventing future RIF
Pay attention watch out
A leader with a supposed high-integrity image often maintains it only by removing the people who saw otherwise, notice which leader they were removed by , then look higher, you’ll see who is also in the brand games
I refuse to pick up more work
If they hadn’t gutted my team to the point where we’re barely functioning, this wouldn’t even be an issue. There’s only so much workload you can pile onto fewer and fewer people before everything implodes. And honestly, why would any of us go above... — read more
Once Great, Now Mediocre
What does it mean after having a great year? Layoffs! Greater efficiencies, more collaborative efforts, great culture - Layoffs. Putting in the extra effort - Layoffs. Continuing to fund women’s sports, Layoffs. Supporting the crime infested low... — read more
This week hit hard
More people gone. Good people — who gave a lot and deserved better. And the message to the rest of us? “Stay positive. Be agile. ”I’m tired of hearing that. This doesn’t feel normal to feel trust being chipped away and a culture that doesn’t feel the... — read more
Nominated for ally award and got laid off
Now I don't understand the value of ally award, my friend got nominated for q3 ally award and they laid him off this week. Company is giving so much false beliefs, no matter if you get recognized or not for your hard work. Everyone's days are... — read more