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.

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

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 ...

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 ...

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

It’s natural for companies to slash workers when times are tough. But some firms, such as Microsoft and BlackRock, are cutting even as they thrive.

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 ...

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 ...

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 ...

while continuing to hire in our other areas of our business,” spokesperson Peter Gilchrist said in the email. The cuts aren’t specific to one line of business or location, he said, and ...