Good luck to all of us.
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A lot of people know this, but we over-hired developers over the past few years. Personally, I’m not shocked that there have been tech layoffs. Teams feel more agile now, but I can’t imagine there’s much more to strip away. I say all this, but then I walk around floors like Marketing or Audit and think to myself, "Oh God, those poor people look like zombies. How can one person have so much work?"
My recommendation is for everyone to make friends with people on different teams and in other orgs so you can see how the other side is living. Those of us under Sathish really don’t have it bad. The truth is, I know quite a few people who no longer work here. They always had something bad to say about Ally or complained about pay, but then they’d be out playing golf on Mondays and Fridays during work hours. If you’re feeling stuck, my advice is to go somewhere else, learn, and progress as much as possible. For those who want to stay, be prepared: the drip is probably about to stop. You’ll have to earn your pay going forward. We’re going back to the early days when grinding was the only way to stay in good graces.
Don’t expect a ton of happy hours this year, and don’t expect bonuses.
I heard from my manager that although 5% of the company got let go, Sathish's org get cut by 25%. Pretty gnarly
Fret Not guys!
I just spoke with ELON.... he says we have absolutely nothing to worry about!!
^_^
"His end goal seems to be putting his friends in high up positions. Ally devs are all underpaid, staying here for culture at one point was viable but culture has been terrible since 2023"
The realest words ever said.
Sathish Probably did mean what he said but I don’t trust it. Ultimately I don’t think he is cut out for his position and I know a ton of people have expressed the same doubt. His end goal seems to be putting his friends in high up positions. Ally devs are all underpaid, staying here for culture at one point was viable but culture has been terrible since 2023
The problem is... ally cares so much about investors and returns the company is missing a huge part of banking. Customers love to have simple banking relationships. Ally is going to be a bank you can only get an auto loan at and a savings account. The company is fan boying ROI when they need to give the customer more options. Offering good products like mortgages, credit cards, etc although lower return add value for customers. The company could weather those storms. The stakeholders are not all aligned. Let's see how this ends.
I wouldn't trust Sathish either. The only thing you can trust that level to say is that they'll say whatever will help drive the stock price higher. You might as well ask an 8 ball.
Unfortunately there is nothing you can do, and you have no control over the situation. Keep your resume tight and be selfish, just like Michael Rhodes and the board will do for the stock symbol.
Tech was told, directly from Sathish, that this is the extent of layoffs for 2025.
He did say that he couldn't make an absolute promise, in the event of a massive market downturn or unprecedented event, but that was what he stated directly.
Now, I personally do not trust Sathish, so I'm not sold on it, but that's all of the information that we have for now.