Ally Bank layoffs could impact Charlotte workers

Ally, which has about 11,700 workers nationwide, announced it plans to cut less than five percent of its employees across all divisions. The bank did not share how many Charlotte workers would be impacted by the layoffs.
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[@PNice-ox6ei]

It’s actually worse than is being reported in the banking industry. A lot of banks are paying the 60 day WARN pay & laying workers off incrementally to avoid having to report large massive layoffs which places downward pressure on stock prices & valuations. Rising interest rates are only exacerbating an already tenuous situation within banking. There will be more bank layoffs within the next month & into 2024.