Pros
I can't honestly include any of the benefits of working hear that outweigh the poor culture and morale. The high stress low reward does not balance the few positives.
Cons
Autocratic Leadership – The CEO, board, and C Suite hold all the power and do not respect or value employees in their decision making. They expect immediate acceptance and execution from subordinates, with no questions asked and with complete refusal to understand their employees. Your job will constantly be threatened if you don’t fit into their divisive and exclusionary mold. None of the leadership understand inclusion, flexibility, motivation, or empowerment yet they use all those things as a main selling point for employment to benefit them and trick employees into subordination. Fear, guilt, and shame are the main weapon for employee motivation. Employees are heavily policed to make sure they are obedient, little to no flexibility is allowed, leadership does not provide true feedback opportunities (what is provided is just for show). Due to this environment employees and teams can’t innovate. The same few minds call the shots which leads to groupthink and a stagnant ideation process. They won’t let employees, who have many different perspectives, share new and possibly ideas, so they only leverage the same strategies that they’ve always been comfortable with and it is causing Ally to drop the ball on true Fintech innovation. We can’t complete with all these companies who foster a positive employee culture that allows for growth and innovation. Even though coercion might work in the short-term, it won’t last in the long-term. No one likes to be controlled, people don’t know why they’re supporting the company’s vision and morale is plummeting, leading to low-quality work and a high turnover rate. Untrustworthy – Ally tries to be something they aren’t to benefit themselves at the expense of employees. They power balance is pronounced and Ally is heavily benefited on the backs of hardworking employees. Ally puts out this inclusive, happy, growth filled, flexible, young and hip persona but the reality could not be more different. There is no flexibility at all, complete employee control and micromanaging, and no willingness from leadership to evolve. Very restrictive prison like environment in most offices with no remote work or hybrid flexibility. Ally repeatedly committed themselves to allow hybrid work and now are going back on everything they have been saying in an extremely callous and condescending manner. Out of touch – They do not even attempt to try and seem like they care about employee wellbeing. They turn a blind eye to the average employee working conditions and work life balance. They expect extreme commitment to the fake corporate culture and don’t provide any incentive for employees to care or be happy. They are more rigid than JP Morgan and Goldman Sachs with none of the prestige that comes with working for either of these companies. At least both these companies are honest about their stance and don’t gaslight employees. Overall, Ally has poor leadership, no true employee-based culture, low pay, extreme office politics and bullying, and no attempt to create a cohesive culture across locations.
