A shrinking company - Program Manager Ally Financial Employee Review

4.0
Oct 31, 2014
Recommend
CEO approval
Business Outlook

Pros

Salaries and bonus have improved over the years and Ally is competitive in the market. Lots of good people that will go the extra mile to ensure the success of the company. decent work/life balance. Company seems to be operating more effectively even though Chrysler and GM relationships have expired. Excellent 401k plan.

Cons

Promotions have a lot to do with your physical location (best to be in Charlotte) than accomplishments. Senior management single focus to get out of TARP so cost cutting is very aggressive at the expense of training and other expenditures.

Explore other reviews about Ally Financial

5.0
Jun 29, 2026
Recommend
CEO approval
Business Outlook

Pros

Transparency in comp and benefits

Cons

There were a fair amount of politics impacting culture

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.

1
See reviews by: Helpful|Rating|Date|All