Anyone see the news about Ally Credit Card? Wonder if it will be sold in January just like Ally Lending was…
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For Lending, those that got jobs at Synchrony, got an 18 month retention package. Salaries were comparable to what Ally was paying, if not more. However, synchrony is integrating the Lending business, so those that went over have to find new jobs by sept 2025
When Ally Lending was sold, I believe some went with the product. Some got shuffled around. I think, like with the 2023(?) layoffs, older/more senior staff not retained were offered a buyout to leave willingly, before cuts were made.
Anyone know the terms that the ally lending people were given?