Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt.

About 2,400 people work for Ally in Charlotte. The company said it would cut “less than 5%” of its workforce to help ...

Bloomberg reported last month that the company was likely exploring the sale of its credit card unit. Ally gave the business ...

Ally Financial laid off hundreds of its roughly 11,000 employees Tuesday, a spokesperson confirmed Wednesday. Spokesperson Peter Gilchrist said the job cuts, which aren’t specific to any location or ...

Ally Financial said Wednesday it will enact a layoff of less than 5% of its 11,000-employee workforce, as well as exit the mortgage-origination business, as the company is burdened by borrowers ...

BLK intends to reduce its staff by about 1% to reallocate its resources to its strategic priorities to build a dynamic ...

while continuing to hire in our other areas of our business,” spokesperson Peter Gilchrist said in the email. The cuts aren’t specific to one line of business or location, he said, and ...

The digital-only bank’s layoffs will affect less than 5% of its workforce, bank spokesman Peter Gilchrist confirmed Tuesday night in a statement to The Charlotte Observer. Ally has 11,000 ...