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Ally Financial to exit the mortgage origination business
Ally Financial (ALLY) plans to exit mortgage origination and evaluate options for the credit card business, impacting less than 5% of workforce.
Detroit-based Ally to end mortgage originations, cut jobs across company
The firm had about 11,100 employees as of the end of 2023, with a significant portion of its workforce in Charlotte, North Carolina.
Ally Financial to cut hundreds of jobs companywide, Charlotte Observer reports
Ally Financial (ALLY) plans to cut hundreds of jobs companywide, bank spokesman Peter Gilchrist confirmed in a statement to The Charlotte
Ally Financial closes mortgage origination business
Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments.
Ally Financial to Cut Employee Headcount, Exit Mortgage Business
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 falling behind on debt.
Ally cutting jobs
Ally Financial Inc. (NYSE: ALLY) is reducing its workforce by several hundred positions, a move that comes after the bank said it is exiting a key business and looking at alternatives for another unit.
2d
on MSN
Ally Financial confirms hundreds of layoffs companywide, including in Charlotte
About 2,400 people work for Ally in Charlotte. The company said it would cut “less than 5%” of its workforce to help ...
bankingdive
1d
Ally lays off hundreds of employees
The bank also announced plans to exit the mortgage origination business this quarter. Ally is exploring strategic ...
2d
on MSN
2 Warren Buffett Stocks to Buy Hand Over Fist and 1 to Avoid
Berkshire Hathaway ( BRK.A -0.09%) ( BRK.B -0.24%) owns about 45 stocks in its $300 billion portfolio, many of which were ...
3d
on MSN
Carvana lands important loan sale deal with Ally Financial
Carvana Co. (NYSE:CVNA) confirmed in an SEC filing that the auto retailer reestablished an agreement with Ally Financial ...
1d
The full list of major US companies laying off staff in the new year, including Microsoft, BlackRock, and Ally
Companies have continued to cut jobs in 2025 after a wave of layoffs last year. Microsoft, BlackRock, and Ally are among ...
2d
Why Carvana Stock Was Creeping Higher Today
It's easy to see why Carvana would attract the attention of a short-seller. The stock has surged since its bottom at the end ...
3d
on MSN
How recruitment will change in 2025, according to top HR leaders from Hilton, PwC, and Ally Financial
HR leaders always have one thing on their mind: securing the best talent. While employers currently have the upper-hand in ...
22h
Looking Into Ally Financial's Recent Short Interest
According to Benzinga Pro, Ally Financial's peer group average for short interest as a percentage of float is 6.81%, which ...
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