Going downhill rapidly - Executive Director Ally Financial Employee Review

2.0
Nov 12, 2009
Recommend
CEO approval
Business Outlook

Pros

GMAC has managed to attain banking status. This may position it to survive in the auto finance world going forward.

Cons

The new management has brought in over 100 former employees of Bank of America and is in the process of migrating the corporate headquarters to Charlotte, NC. Legacy GMAC employees feel like their experience which formerly was an asset is now a liability. There is very little respect by the new management and employees for those who actually know how GMAC's business should work. The new employees seem to be set loose to create their own jobs which frequently overlap or conflict with the jobs of others. There is no clearly articulated strategy of GMAC is going to thrive in the future. As of October 2009, morale (at least in Detroit) was miserable.

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5.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

We get to work from home full time.

Cons

We work 2 to 3 Saturdays per month.

1.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

You get a bi-weekly paycheck.

Cons

The culture has tanked under new leadership over the last couple of years. It’s cutthroat, senior management keeps swapping out experienced leaders for their own people, same values, same bottom line only mindset. No one actually knows what they’re doing because everyone’s expected to do everything and own the fallout when it doesn’t work. Decisions get micromanaged or made behind closed doors about your own team, with no input. There’s constant pressure to cut expenses, and the target seems to double every month, at this rate it feels like the end is inevitable. Layoffs happen a few times a year now, two years running, and leadership straight up tells you it’s the new norm, so get used to it. Everyone knows it, everyone talks about it, and everyone’s living in fear. On top of that, you’re expected to work 12 hour days and answer emails on weekends, then get told you’re still not doing enough. It’s demoralizing. This is an awful place to work, and with the job market this bad, people can’t leave even though everyone’s looking. Feels like a sinking ship, and they deserve it for how they treat people.

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