The job cuts involved approximately 10% of Citigroup's senior manager roles aggregating to around 300 managers. According to C's press release, "Today we shared with our colleagues the next layer of changes across many of our businesses and functions as we continue to align Citi's organizational structure with our new, simplified operating model. As we've acknowledged, the actions we're taking to reorganize the firm involve some difficult, consequential decisions, but we believe they are the right steps to align our structure with our strategy and ensure we consistently deliver excellence to our clients". In an effort to streamline business operations, Ally Financial Inc. ALLY started trimming its workforce, a move that is expected to impact less than 5% of ALLY's overall headcount. Spokesperson Peter Gilchrist said in an emailed statement that the workforce reduction would occur across divisions and is not restricted to a single line of business.