About 2,400 people work for Ally in Charlotte. The company said it would cut “less than 5%” of its workforce to help ...

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.

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 ...

As mortgage rates are expected to remain higher for longer, Ally Financial ALLY will be exiting the mortgage origination business. Further, the company is seeking “strategic alternatives” for its ...

Bloomberg reported last month that the company was likely exploring the sale of its credit card unit. Ally gave the business ...

Ally Financial (ALLY) plans to cut hundreds of jobs companywide, bank spokesman Peter Gilchrist confirmed in a statement to The Charlotte ...

we announced that we will be exiting the mortgage origination business and looking at strategic alternatives for our credit card business in the first quarter of this year,” Peter Gilchrist, a ...

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 ...

The digital-only bank’s layoffs will affect less than 5% of its workforce, bank spokesman Peter Gilchrist confirmed Tuesday night in a statement to The Charlotte Observer. Ally has 11,000 ...

Employees were notified of the layoffs Tuesday, spokesperson Peter Gilchrist wrote in an email. He did not say how many employees were impacted in Detroit. "Reductions are not specific to any one ...

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 ...