Low morale culture that uses stack ranking - Director Ally Financial Employee Review

1.0
Dec 13, 2022
Recommend
CEO approval
Business Outlook

Pros

Charlotte FC soccer team sponsorship means cheap employee tickets.

Cons

The mood at Ally is one of complete distrust and demoralization. Competent employees are realizing that Ally is a disaster and are leaving in droves, while the "cruisers" are staying on and being overwhelmed with work. Other banks are taking advantage of Ally's attrition and actively poaching colleagues. Case in point: 2 colleagues on my team left for rivals; one being a team lead. 2 more I know of have admitted they will be leaving within the month. I am sure there are more to come. Will be a 60% turnover rate on our team alone since September. You would think that these levels of attrition are unsustainable but what does Ally do? Institute stack ranking aka forced distribution into the year end evaluation process. To be graded on a bell curve instead of being acknowledged for your individual contributions while promoting a system that rewards unhealthy competition, distrust, schmoozing, and other net-negative behaviors is NOT "Doing it Right."

Explore other reviews about Ally Financial

5.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

Great culture, good compensation and benefits. Excellent management team, very supportive and interactive with the team.

Cons

Onboarding was a challenge due to IT’s lack of clear direction. The loan origination system crashes a lot.

2.0
Jun 30, 2026
Recommend
CEO approval
Business Outlook

Pros

Hybrid schedule is reasonable, with only three days a week required in office. Benefits are decent and we have a fairly new office building is a nice.

Cons

Don’t be fooled by Glassdoor’s rating. It likely reflects the old Ally, not the company it is today. Ally used to be a great place to work, with strong culture, meaningful work, and real innovation. They used to pride themselves on culture, and now it’s the worst I’ve seen it. There have been significant leadership changes, with many of the leaders who made Ally great shown the door. Round after round of layoffs has everyone whispering about who’s next, and the people who remain here are stuck cycling through failed re-orgs meant to “fix” the department. It’s gotten bad enough that I know people actively hoping to get cut just to walk away with severance. If it doesn’t get better soon, I might be hoping to be let go myself. I can’t recommend it the way I once would have.

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