Guess we will hear more soon.
112 replies (most recent on top)
Management must love these comments as it takes the focus off the real issue and that’s age discrimination
I pity those who think diversity is a substitute for strong profitablity. The ones complaining about "diversity" (except in thought) who also got canned are getting out ahead, as everyone will feel valued for their diversity equally straight into the unemployment line when the company files for bankruptcy. Better hope JB can call up his buddy JPowell for a bailout.
Fingers crossed that the ones complaining about diversity are the ones signing their severance packages. Good lord.
People clearly don't understand what it means to reject race based hiring and talent management immediately get defensive and assume it's about blaming black people. Here is a hint: woke is about having a racial consciousness of a critical nature(Sounds alot like a WW2 dictator with a stupid moustache). Anyone of any race can be woke. The longer people keep that mentality, the more management messes up and is forced to do layoffs.
No one wants to make blacks 2nd class citizens (except maybe the race hustlers want people to think that so they can keep their jobs), but the longer you believe that, the less likely you are to blame management while they cash out their stock with golden parachutes.
What minorities do you know that are unqualified at Ally? The reason we have these programs is b/c whinny white people like you have always gotten opportunities minorities never had. We all know about the good ole boys that would love to go back to minorities being second class citizens! Well guess what you piece of trash…ITS FINALLY YOUR TURN and the sh-t doesn’t feel good does it? It’s 2023 baby and things have changed whether you like it or not!
It doesn’t matter what race someone is. We are all the same when you’re reading a severance letter. We are one Ally and are in this together. The ones that are left employed after this debacle are going to have to pull together to get the job done. Let’s all remember why we are here and God Bless those affected.
You people are blaming blacks for everything going wrong. Bottom line is too many folks haven’t listened to the call to come back in the office—when some of you are still out most of the week thinking you won’t get caught. The jig is up. You stay at home majority slackers are going to get burnt this time…this ain’t about black folk.
The number of conferences the ERG group leaders go to is insane, and they advertise their travels all on LinkedIn!! Nothing against the ERG groups but come on, in this environment with THESE layoffs it’s a terrible look to have some people attend literally every single conference in the country tagging Ally on LinkedIn while others are actively being laid off. Priorities in this company just seem really backwards. The diversity initiatives ring hollow if the company is financially faltering
Typical conservative move, ignore the people on power and blame minorities. If there is one person they got right , it’s you. And I’m white.
Everyone I am seeing many comments regarding diversity. There needs to be some push for diversity. If they didn't have a program in place, the workforce would be 99 percent Caucasian/Asian if being hired was based on knowledge and merit alone.
It is true that the root of the problem is with bad management calls, but they are the ones responsible for things like return to office to preserve tax credits, DEI philanthropy, hiring and marketing. Those programs have a dollar costs that can't be refunded. Instead of that, management should have been focused on hedging against increased interest rates, but JB must believe the liquidity fairy will bail Ally out again.
I don’t think this is a white/black issue. This is a poor management result. This whole situation could have been handled in a much better way. JB and the leadership council knew about this a year ago and did nothing to correct this ship. Kumba Ya is no longer a song you’ll hear around the break room. The make believe hiring freeze was just that. A fake attempt to say, “Hey, look what we did”. It’s more of an attempt to rid the company of older employees, again, white, black, yellow, whatever isn’t the issue.
I had a diversity hire on my team who was one level higher than me. He was slow to learn, didn't catch on. I went to my boss and I asked why did you hire him? How on God's green earth is he at a higher than me. My boss literally said. I can't comment on his hiring and you or me won't win this battle, it is higher than me. So I had to help, basically do his job and mine and here I am laid off. Please in the future base titles on merit (knowledge, work ethic, experience) not just on what looks good from a diversity standpoint. Going woke in any form is the worst - reference the Bud Light Debacle.
Everyone is getting salty when woke is rightly blamed for causing the business to have lackluster performance. Here's the truth, when you elevate any demographic above merit and competency, this is the result. The exact hours spent by the company to grovel to a destructive goal and crowd could have been spent toward business resilience, but they didn't and now you have layoffs.
It has nothing to do with "being white" and being afraid that more minorities are in position, it has everything to do with bad ideas being covered up by DEI pushes. Demographic based hiring of any form is bad, full stop.
To the people that think that all minority people that are given chances are automatically under qualified and are blaming them, grow up. You’re not better than any one just because you can throw the word woke around or were born white.
JB fears risk from the DEI harpies more so than he does from anything cyber or bad business bets. He's made Ally the pay piggie for all the woke initiatives that do nothing but drain on the company to puff up the LinkedIn profiles of management and boost ESG scores so stock values get a nice boost.
ESG and DEI do nothing for the worker, this round of layoffs prove it. No matter how much JB appeases these people, the woke will eat him alive.
This in response to the comment from the previous HR employee. Thank you for sharing and verifying the current thoughts by many in the organization regarding discrimination and layoffs. Obviously you have empathy for those affected which doesn’t usually reflect feelings from HR. You are in a unique position to bring this to light which could facilitate a discrimination lawsuit. Again, thank you for verifying what many believe. I thought better of JB but know, not so much.
I worked in HR for Ally for a number of years, I left before these layoffs happened because I knew about them and so did the rest of the leadership for months if not the last year since the hiring pause. I wasn't legally allowed to disclose or notify anyone about the layoffs. We've been talking about headcount reductions for some time and were hoping forcing everyone in 3 days/week would push enough people to quit. We do track how often you are in the office and for how long during the day, JB wants to track this. Not to mention we got a huge tax incentive from the city and state building the new ACC, which requires a certain amount of people to be in the building.
There's been a big push to hire younger "early talent" as the labor cost is cheaper and so are the healthcare premiums for the company. So the layoffs are to push older people out as we can replace them with cheaper younger talent and their healthcare costs are not as high. And their DEI strategy is just a big facade to make their image look good. Why would you hire a bunch of underqualified people from underrepresented populations (minorities)? They will be quick to lay them off now. Older employees and minorities will heavily be affected by this layoff. Take your time with the severance paperwork (review with a labor attorney), it's a good package of at a minimum 2 months' pay with benefits and then a 10-week severance payout. You as well will keep your "Own It Grant" or RSU's that are unvested.
I was affected by this layoff as well. Appreciate everyone's posts as the silver lining in this is that we are all not alone. Feels terrible that my work meant nothing and I was an easy click of the layoff button. Feel small. Honestly kind of wish I didn't work so hard if I knew this was going to happen.
I have a disability and was let go, after so many years getting rave performance reviews... shows how much they really care about D&I…
I worked for Ally, having left earlier this year after seeing the obvious future. For those saying the Ally culture was so great, it wasn't. Ally was a bloated organization that got this way after a pandemic hiring spree. I knew it was time to go when I heard one of the execs, I think it was Diane Morais, talk about building virtual banks in the metaverse and rewarding customers with NFTs and "coins". That statement showed that Ally was a rudderless ship that was only making money due to luck despite lots of bad decisions and poor leadership. I worked with teams that had four FTEs doing the job of one. Most of the people I worked with were underperforming and just downright lazy. Deadlines meant nothing to them. It was like most of them didn't own a watch, they'd routinely be 20 minutes late for meetings, they were never prepared, and never followed up on items they were tasked with doing. When Ally started dragging people back into the office, that's when you saw the best performer leave. They were running for the door. Mostly what was left were the excuse makers and the do nothings, meaning those of us who were motivated and getting things done got more dumped in front of us.
Hopefully the 5% being cut spares the ones that were really keeping things together. But with leaders talking about building virtual banks in the metaverse I don't expect them to get the headcount reduction right.
Package includes getting paid until 12/14 and then lump sum based off years worked and salary, but you have to sign away every right you have in order to get the lump sum. …and you can’t join any class action suits against them. I suggest you have an attorney review before signing.
What severance package ordered?
This is not good work environment at all. Can't focus on work. I pray strength for affected people. Hope they will definitely get better options
At least now the whole mirage of "we care so much about employees" and "we do it right" is finally broken and employees can see what Ally actually is: a struggling auto financing company that consistently overestimates its business potential (see the missed earnings marks), consistently gaslights employees, and invests in diversity initiatives that are purely for show. It is all so transparent now that I feel duped (and d-mb) for believing Ally really had good intentions.
I would love for someone in the C-Suite to explain why you have certain mid-level employees going to conferences all over the country and proudly posting about it on their LinkedIn profiles, while other employees (including members of their own teams!) are being laid off left and right. If money is so tight that you have to make headcount reductions then why are people still able to travel?
I could care less about soccer, NASCAR or the faking like they care about black people and Latino people with their hilarious forced diversity garbage. I do care about ALL people making a living and receiving paychecks. Treat people like people based on merit and not on their skin color or culture. It is 2023 not the 90s .
I pray someone has the strenght to seek out a discrimination lawyer for some advise
I heard they only let go people of a certain age go. Is that true?
If you are granted a severance package I believe one of the agreements you sign states you agree not to sue the company. Can one of the affected employees confirm this? That form would probably keep you from joining a class action lawsuit on age discrimination. Wonder what public opinion will be once it becomes common knowledge about the ages of employees terminated. Let see how managers children and relatives get the call. Nepotism runs rampant at Ally. God Bless our employees. Sickening.
I was laid off today as well, but did anyone pay attention to the ages of the selected people of the decisions unit! No way they didn’t discriminate based off of age. Everyone in my unit was over 45!!!
After all these years letting people go in the manner they did today was abhorrent. Good people’s lives were changed today and how it was done just shows Ally is not for the employees. Be Better? How ?
Reading these posts are heartbreaking. To treat affected employees like criminals buy taking their laptops and badges and walking them out in front of others is disgusting treatment by a so called culturally enriched company. JB, this has been an utter failure and this lies upon your shoulders. I thought you were better than this but I guess not, Shame on you, shame on you.
I guess this is one of the posts that “maliciously” ruffled JBs feathers. What’s ruffling mine is that y’all had people come in a Monday just so you could take their laptops and badges and walk them out mid-day. They posted the video announcing the “selective” cuts on Friday and it was hidden toward the end of the the video. You let people worry and stress over the weekend. For what? So the ones that weren’t cut feel grateful? Isn’t that the true malice? Bad execution for a decision made months ago. I’m so disappointed in how this has been handled and communicated.
I was notified today that I was impacted by the “selective reduction in headcount.” It was pretty brutal, especially when I’ve invested years with this company and they let me go over others who haven’t been there as long. Their logic makes zero sense and I’m still expected to work out the next couple of weeks and transition items…
Compliance gets sla-ghtered yet still flew multiple people to Las Vegas?
Wow, we were bullied by the CMO to not accept other job offers, and now this. She said that people who would regret it, and she said that she cared about me leaving and wanted me to stay, so I turned a job down and stayed. Then two months later, this..
Explain how you have directors at a “conference” in Disney World today but are also cutting 5% of your workforce?
So the company you’re running is failing, yet you accept a 14 MILLION DOLLAR salary as compensation for a poor job? Seems like he should be part of the “5%”. That should free up some room for the people actually working the grind.
Seems backwards to me. It’s your actual job to keep this from happening, so the right thing and fire yourself for poor performance. You didn’t protect the families of 11,700 employees. I hope you sleep will in your big house on your expensive bed as your employees worry about feeding there families, much less how to spend 14 Million.
How much is Ally spending on NASCAR sponsorships, Women’s Soccer, The Ally Challenge, Low Income Housing, etc? What’s Ally’s return from these ventures? Maybe the stockholders should start asking those questions.
I think employees would be a little more empathetic to the current situation if the CEO and leadership council announced they were each taking a 5-10% reduction in pay to help during this difficult time. But, that will never happen. It’s always the employees on the ground level that take the brunt of the pain. So, what say you JB, a cut to your $14M salary. Yep, thought so.