Did anyone notice a high toxic culture at Fannie due to pandemic? Especially first level/directors of some orgs (Ex. Digital products, CISO Ops, etc.) have become more impatient, rude and arrogant. Only interested in productivity (#s) not the wellbeing of an associate. High attrition is due to burnout, bad first level/directors who care about numbers & their promotions. There is no monitoring of first/2nd levels, and get a free pass for their bad behaviors. Fannie board/execs (VP & above) have good intent (like more flexible, Fri aft off, team building, etc.) but they are not implemented in the front lines causing many folks (both junior and experienced) leave due to a frustration and low morale.
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I worked there for over four years. Half of that time was wonderful, while the other half has been THE WORSE business and employment experience in my 3 decades-long professional career. The org is infested by incompetence, favoritism, and a culture that does not resemble a company that is HQ-ed and operates within the United States or any Western value other than junk written on "paper" and ever-useless employee surveys. There is no need to even mention what cultural atmosphere is prevalent; discover it for yourself only by checking in Pewrosn or, let's say, via Linked In what the majority is. At some point, that place appeared like it was paying close attention to cultural diversity, but it miserably failed. Just check out the engineering section, and you'll find the dominance of one culture at a likely rate of 80%, if not more. The CTO is illiterate (can't put a sentence together to sound even faintly dramatically correct, which is embarrassing for anyone working there, not to mention zero real tech knowledge and rather someone who repeats like parrot keywords heard or read somewhere by accident), majority of tech senior leaders are similar or worse and are top in brownnosing left and right. Speaking brownnosing, we all know that is part of business everywhere, but at Fannie Mae, oh, that takes a completely different dimension, and it is so obvious that as soon as you are not on board with that, you are pretty much out within a few months. Books can be written about what some of us have witnessed there, so in short, AVOID Fannie Mae in HUGE 500 miles circle if you are looking for a place to grow and have a decent career unless your skills are predominately in brownnosing. If you enjoy being thrown under the bus or easily do the same to others, you will thrive there.
True, this is Shane. Wasn’t the same before 2020. Some directors/managers in technology side especially hired between 2018-2020 are bunch of jokers. Promote their loved ones and just letting go the talented ones. Culture is getting worse. Waiting for my bonus and then I am out of here.
Article below says it all. Not just CEOs. Companies need paying attn. One size fits all model will not work. Huge mental health issues in the line management and others below in the chain. Need to address burnout, recovery, support, etc. Huge impact on the associates at the receiving end of the stick, causing attrition and silent quitting.
https://www.forbes.com/sites/onemind/2022/09/08/ceos-succumbing-to-the-great-resignation-prioritizing-c-suite-mental-health/
It's a shame Fannie loosing good talent. Instead of fixing the burnout and degrading culture, these bozo front line managers/directors using bullying, and passive-aggressive techniques forcing employees to quit themselves. Huge turnover in some groups speaks volumes.
Too many boneheads at the first and second levels. They are out of control. Pandemic made it worst.
Yes, it's an open secret. Some of these jokers in the first and second level hire & encourage only juniors, ignore tenured, and making life miserable so quit on their own. Age, etc. is discussed openly in the huddle meetings while managers present. Fannie comes under GSE but it's an open discrimination. Wish Fannie senior exec would review and fix this lingering issue exist for a long time.