What a chicken. A product of nepotism and corruption at its finest. He's been silent after firing all the whistleblowers. On a serious note, I hope everyone has a splendid Thanksgiving.
3 people in my team just got laid off
The days of Fannie Mae being the best company to work in is now gone. 5 days in-person, constant stress from layoffs, political environment, no promotions.. 30% of my team just gone… Not even contractors. They are FTE
The company is done with layoffs
This place was silent before the layoffs and now it's full of unsubstantiated rumors. You folks are tone deaf and have analytical skills of a toddler. I'd say there is 99% chance company is done with layoffs. Even if they had plans for more layoffs... — read more
confirmed 2000+ employees are getting laid off soon
spoke to the executives and said they are trying to make more room for 5 days in office and also fannie mae is very bloated he said. i suggest you all to be prepared to find new jobs. huge wave incoming
Are fully remote workers next?
My original assumption is that fully remote workers are going to get laid off soon since this guy is adamant about enforcing full RTO. But who knows these days..
More layoffs
Wow. I heard they’re about to lay off another 2000 employees, most likely in order to make room for fully in person work next year
Severance for all these layoffs?
Curious what (if any) severance they’ve been giving people during these re-orgs. Is it paid as a lump sum or every 2 weeks like a usual paycheck? Do they give a few weeks/month of benefits so these folks aren’t scrambling for immediate coverage?
i want to get layed off
is there any way i can get myself laid off? this is a serious inquiry
Any information going around about next week?
I haven’t heard anything myself, but I’d really like to know if next week is going to be safe for all of us. I honestly just need a breather.
Protecting FNMA data will get you fired?
https://apnews.com/article/fannie-mae-freddie-mac-firing-pulte-data-a4f8c53df74fef83ec7fd07e3d524746
Understanding Your Rights Under the WARN Act
If your employer fails to report layoffs to the WARN system, you may have grounds to take legal action. The Worker Adjustment and Retraining Notification (WARN) Act requires employers to provide 60 days' notice before mass layoffs or plant closures... — read more
Have they gutted people at the Management/Director Level?
This is where the real corruption lies at Fannie Mae. I was in a department where most of the people were management level or above. A department with 30 plus managers 5 plus directors and very little worker bees. Management level and above had a... — read more
Making news!
WSJ: Fannie Mae Watchdogs Probed How Pulte Obtained Mortgage Records of Key Democrats
Contractor
I was let go yesterday, was told that my contract will not be renewed. I know others who were also affected and I know some employees are being let go too. It's been though for a long time and I was afraid this will happen but now there is no more... — read more
https://x.com/TheLayoff/status/1988302663214383307?s=20
made today's list huh https://x.com/TheLayoff/status/1988302663214383307?s=20
This feels like death by a thousand cuts
So I guess we’re always going to be on our toes and stressed out of our minds.
Will there be more?
There's so little info on what's going on and it's making me stress.
Layoffs
Layoffs happened this morning again, close to 100 people from COO got laid off
More layoffs this morning?
Heard there was a call this morning with FTEs.
7000+ strong or 7000+ bloated?
What number does the big boss have in mind? The layoffs won't stop til that number is reached.
Who is Bill Ackman going to appoint as the next CEO?
Big money is at stake. Seasoned pro is required.
Priscilla's gone. Who else?
Can’t believe she didn’t even announce it herself and had someone else speak for her. She’s probably just done with all the ** and called it quits.
We should be done for the year
I doubt the higher ups would announce more layoffs so close to the holidays. They probably want to avoid the negative press that would come with it.
Constant anxiety due to layoffs
Anyone else feel the same?
Probably another 100 gone this Friday
Good luck
Layofftober
How bad is going to get? Oooof!
How are you folks holding up?
Are anxiety levels still sky high?
Town hall last week?
What happened in the TH last week? I was on vacation.
Carnage
Next two weeks. Oooof!
Is hexaware and other slave shops sc--wed after latest executive order?
One can only hope the executive order goes into effect and gets fully enforced.
What can employees expect when company goes public?
1000 shares each? Beat award equivalent to 50 dollars? Snickers bar?
What benefits are they going to cut first?
If they are done with layoffs, benefits are next in line.
5 days a week in-office !!!
Be prepared, “ we are a in-person” company !!!!!!!
What's the latest?
Are we supposed to continue living in constant fear indefinitely?
Why are there so many Managers and Directors now?
When I worked at Fannie 10+ years ago, there was the Manager->Director->VP hierarchy. Now when I check LinkedIn, there's Manager, Senior Manager, Director, Senior Director. And a lot more people appear to have those titles. Why did they make that... — read more
There are still a lot who don’t come into the office
I just need to vent. I still have to go into the office four times a week, while some people moved out of state and never even show up. I know there are many in other groups who honestly wouldn’t make a difference if they got laid off, but no one... — read more