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Ally Financial becomes latest bank to slash its workforce

CHARLOTTE — Ally Financial Inc. is reducing its workforce by nearly 5%, a move that comes following a wave of layoffs across the banking sector amid a tumultuous economy.

The Detroit-based digital bank told CBJ the job cuts are not limited to any specific division or footprint. It is unclear how many employees will be affected in Charlotte. The local region is a key market for Ally; the company employs more people here than in its headquarters city.

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