Any update on this? Have you been told you need to start planning Q2 visit? They are tracking everyone to see who’s coming in and who isn’t. Will you get fired if you don’t make one of the quarterly visits?
More layoffs?
It seems everyone agrees more cuts are on the way. The uncertainty is overwhelming.
Which divisions were impacted by the layoffs?
I heard that over 100 were laid off due to ethics violation but the rest were due to restructuring…
Still one of the better options
I know this is an uncertain time and we are not used to this. Despite these layoffs, this remains one of the best places to work. Say what you will, but I have been here for five years and the pay, benefits, culture, atmosphere, and people have never... — read more
Was Priscilla let go tonight?
Rumors on social channels. No confirmation from an authoritative source yet however.
Plano Office
Walked in this morning and noticed a handful of people trying to gain access only to be told by security that they no longer have it and to contact HR. Not sure if this is related to layoffs or if we're telling contractors that their services are no... — read more
Layoff criteria?
I can’t seem to figure it out. It appears that some of the older, more experienced employees were disproportionately affected - which doesn’t seem like the smartest approach, but hey. I’m nearing fifty, and I’m a bit concerned that the likelihood of... — read more
Does Fannie Mae do PIPs?
At my last company, they followed up layoffs with ridiculous PIPs. Even some of our best people were not spared. Most walked out on their own, but those who stayed were eventually fired. Could something like that happen here? I haven't been here long... — read more
I’m honestly scared of losing my job
I don’t like it, and I wouldn’t mind being laid off if there were other options. But given the circumstances, I’m terrified. Most of us have dependents and financial obligations, and we simply can’t afford to be jobless for more than a few weeks—or... — read more
How’s this week looking?
Should we be worried about more cuts so soon, or are they giving us a few months' reprieve?
news
https://timesofindia.indiatimes.com/city/vijayawada/us-firm-sacks-700-employees-200-laid-off-on-ethical-grounds/articleshow/120031296.cms
Is the layoff over for this year?
Will there be more layoffs?
Anything happening with the IAM division
I am trying to sort things out as a dev I am wondering if I should pack up my bags now or just ride it out everyday is really tense.
What is happening over at Fannie Mae?
I accepted a job offer at Fannie Mae, but recent news and information on this site are making me wonder if I made the right decision. What is it truly like working there right now?
Do you know how many people got hit overall?
I’ve been digging around, but I keep running into dead ends. Nothing’s in the news, and I haven’t seen any official updates - unless I totally missed something. Is there any way to find out how many folks got laid off these past few weeks? — read more
Is voluntary round next?
I kind of hope so. I’d be first in line to accept. I don’t hate my job or the company, but things are shifting just a bit too much for my taste. Might be the right time to look for greener pastures before it gets worse. So here’s hoping for a... — read more
Layoffs?
Did anyone get laid off today?
Anyone know what the “ethics” layoffs were about today?
I heard that some people were laid off today due to ethical reasons. No idea what this means. Did anyone hear anything?
A full RTO policy is a terrible strategy
We all know it’s just a way to drive attrition. They’re implementing it to make us more uncomfortable, inconvenienced, and under pressure—either we can’t comply for practical reasons or we’ll end up leaving on our own because we can barely manage it... — read more
Flex Fridays gone, what’s next?
First they announce full time RTO with just a single weekend to let us figure out accommodations, then they tell us we are expected to work on flex Fridays. What’s next, they take away sick days? 5-day RTO because no one is quitting from the 3-day... — read more
RTO su-ks but it's not the end.
Here in Plano, TX, I only know of one person fired. While we all think the RTO su-ks, it's still a good job that pays well and has great benefits so most of us are just mourning losing WFH but adapting.
So... ummm... how are things at the office lately?
Any big news since the major changes a little over a week ago that you are (willing) to share?
Glassdoor ratings don’t match reality
Checked Glassdoor to torch this place in a review after the latest layoffs. Somehow the CEO’s sitting at 91% approval and the company’s still a 4.2-star paradise. What fantasyland is this. This isn’t the same job I signed up for - back when things... — read more
I just joined
Not even six months ago. And now I'm hearing that I have a good chance of being laid off? Why would they give me a job just to get rid of me so quickly? I don't get it. I had other offers. I chose this and now I'm regretting it. It feels like they're... — read more
RTO feels like just another tactic to push us out
If that doesn't go as planned, more cuts will likely follow. I'm really sorry that we all have to go through this. These are tough times, and the stress is overwhelming.
Were both FTEs and Contractors escorted out of the office when laid off recently?
Just wondering if that's the norm
They are already coming after FTEs
Been hearing through the grapevine that they're beginning to lay off FTEs. Brush up those resumes because it's likely only the beginning.
Layoffs, RTO, what's next?
It's like they're trying to find ways to make our lives more miserable so we'd quit and save them the trouble of firing or laying us off. It certainly saves them a hefty sum in severance and unemployment every time somebody is so tired of this place... — read more
Layoffs coming soon
All contractors from my department have been fired. I expect FTEs will be targeted next. Going back to office seems to be their way of doing soft layoffs.
Work from office everyday from next week
Work from office everyday from next week, earlier they said one day in a quarter. Not sure what’s going on
The DOGE Layoff treatment is coming
Bill Pulte suggesting Fannie Mae might receive the DOGE treatment that other government entities have already experienced... going on to say Fannie and Freddie’s workforce of 15,000 people have been “under performing as companies and in safety and... — read more
FannieMae Layoffs 2024
What are your thoughts about potential FannieMae layoffs? Any chatter, news or rumors?
Any layoffs
Any layoffs coming up. Looks quite, so any one has any inside info.
Q2 end approaching, any layoffs expecting by the end of Q2.
Q2 end approaching, any layoffs expecting by the end of Q2.
Hope there will not be any more layoffs - any comments
Hope there will not be any more layoffs - any comments