Thread regarding Fannie Mae layoffs

Admin leave?

Did y'all get admin leave this round too, or just the two weeks per year of service? Did people get outstanding LTI? Thanks.


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Post ID: @OP+1ksbjgesj

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2 weeks for each year, and 2 weeks in lieu of notice. Their official last day is 6/4.

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Post ID: @10h+1ksbjgesj

@tw The answer meant no admin leave given, and two weeks pay per year of service. WARN is only triggered by a certain number of layoffs, which they may not have hit...but also they prob aren't really worried about the law at this point.

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Post ID: @v0+1ksbjgesj

Don’t they need to provide WARN notice if less than 60 days? How does 2 weeks admin leave suffice?

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Post ID: @tw+1ksbjgesj

No admin leave only 2 weeks. Yes on LTI.

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Post ID: @ch+1ksbjgesj

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