Ally lays off hundreds of employees | Banking Dive
2 days ago · Ally Financial laid off hundreds of its roughly 11,000 employees Tuesday, a spokesperson confirmed Wednesday. Spokesperson Peter Gilchrist said the job cuts, which aren’t specific to any location or line of business, amount to less than 5% of its workforce. He called the cuts “a right-siz[ing ...
Ally Financial to Cut Employee Headcount, Exit Mortgage Business
2 days ago · Ally Financial said Wednesday it will enact a layoff of less than 5% of its 11,000-employee workforce, as well as exit the mortgage-origination business, as the company is burdened by borrowers ...
ALLY to Exit Mortgage Business, Cut Jobs & Focus on Auto Franchise
18 hours ago · Ally Financial expects loan losses to increase in 2024. Retail auto net charge-off (NCO) rates are projected to be between 2.25% and 2.30% for 2024, up from the prior target of 2.1%.
Ally to End Mortgage Originations, Cut Jobs Across Company
1 day ago · The Detroit-based company will cut less than 5% of its workforce, an Ally spokesperson said in an email to Bloomberg News. The firm had about 11,100 employees as of the end of 2023, with a ...
Ally Financial confirms hundreds of layoffs companywide, …
This is the second round of job cuts Ally has made in just over 15 months. In October 2023, Ally Financial cited economic challenges and cut 5% of jobs companywide in various departments to save ...
Ally to End Mortgage Originations, Cut Jobs, Weigh Alternatives …
1 day ago · Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt. The Detroit-based ...
Ally Financial implements layoffs, cutting lines of business ...
1 day ago · A bank with a large presence in Charlotte is reducing its workforce by several hundred positions. Ally Financial Inc. (NYSE: ALLY) is reducing its workforce by several hundred positions, a move ...
Ally to End Mortgage Originations, Cut Jobs Across Company (1)
1 day ago · Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt. The Detroit-based company will cut less than 5% of its workforce, an Ally spokesperson said in an email to Bloomberg News. The firm had about 11,100 employees as of the end of 2023, with a significant portion of its ...
Ally Financial's exit from mortgage will impact Better, HouseCanary
10 hours ago · Ally Financial and its direct banking subsidiary, Ally Bank, will lay off about 5 percent of their workforce, which numbered 11,600 at the end of 2022 and 11,100 at the end of 2023 and is ...
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