Brace yourselves. This is not a ‘cry wolf’ troll. Do what you must. Any personal data, things you will need for your next job search, any previous prep /notes etc…now is a good time. CoBRA match has not happened yet. It’s been over a month since... — read more
Don't know why my team is rushing to restructure
Don't know what got into our organization lately. They're moving all the leads into completely unfamiliar areas instead of letting them work on what they know best. The whole org just feels more and more chaotic. It feels like leadership has turned... — read more
One year ago today
One year ago today I was laid off. It still stings especially when remote team members are still employed while I was going into the office as required. Favoritism continues to be alive and well at Fannie.
Chicago
Heard the Chicago office was shutting down and some people were fired, offered severance or told to move to Plano or DC. Any confirmation?
safeguarding h1B employees?
I hope companies take the H‑1B debate seriously. The program should fill real skill gaps. Not create protected groups or favoritism. I really hope FNM is safeguarding against this, because some things raise concerns in teams. Fair standards and open... — read more
Transition to Accenture offshore workers
A certain guy who used to work for you guys ("RR") from what we understand brought about this firing of competent people (especially in Tech) and offshoring to Accenture. That is currently now happening at his next stop - T Rowe Price in Baltimore. ... — read more
Why is COBRA priced at full premium for the recent rif cohort ?
Are you seeing the rates being subsidized ? The paperwork said cobra will be subsidized to what one paid as active employee for the x weeks of severance. Cobra paperwork has a scandalous $ for indi+ family. Any leads on how you addressed this ? TIA.
Gosh more reorgs last week and today.
I guess more cuts.
Did everyone who got laid off received another e-mail from HR thru Docusign today
Was informed that another e-mail will be sent to sign it thru docusign today ( Termination Date ) and I still have not gotten it. Checked the Junk e-mail also and it is not there too. Cannot call HR as it is past 5:00 PM . Got the previous e-mail at... — read more
July / August Cuts
I have been told to expect cuts in the coming months, specifically August. As far as recent cuts made, some were expensive and others were not top performers. Who knows. Some of the cuts have gone after long tenured employees, who probably made good... — read more
Comical 🤣🤣🤣🤣🤣
https://www.politico.com/news/2026/06/02/bill-pulte-director-of-national-intelligence-00946319
They keep going after the best people, for no good reason
Makes you wonder if the goal is just to burn the place down. Specialists, veterans, people with actual skills, the ones who held teams together - they're all getting cut. Any leadership that cared about the future would be doing everything to keep... — read more
Cutting the Core, Keeping the Layers - Bloated leadership
With so many associates gone, who exactly are all these managers, senior managers, directors, senior directors, and VPs leading now? The teams that remain are extremely lean. It’s hard to understand why leadership layers continue to stay intact while... — read more
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.
Lawyer Up
I hate hearing everything that current employees are dealing with. It su-ks. It was a great company and I was proud to work there. I worked at Fannie Mae for nearly 20 years. I was part of a big layoff several years ago. I was laid off just before a... — read more
This place has become unrecognizable
I never thought it would come to this - me hoping to be selected for layoffs after so many years.
Achieving ROE targets
So that Bill Ackman can make 5 billion instead of 3 and so that do nothing fat cats can get their multi million bonuses.
Morning after….
How does it feel ? I am a bit restless. Not used to doing nothing but can get used to it. Mostly relieved. Too bored to scan through the 20 page package. Planning to chill and focus on exercise, kitchen, family and sign the paperwork in a few days... — read more
Next round
Its first chance is when 90 days expire. So you are looking at just before the Labor Day.
About 280 people are gone
The question again is to what total number of employees are they shooting for? If it's 6000 or lower, there is plenty more to go.
Any VPs or directors let go?
Or just pawns?
Big layoffs today
Weird to layoff people before the long weekend, that too on a Thursday. Usually layoffs are scheduled for paycheck day. Heard there were more than 100 people laid off today
Peter is a fall guy
Layoffs will be over when he gets replaced by the guy from the club...if you know what I mean. Until then layoffs every three months.
Anyone got their severance details?
I don't know where to go from here.
No Work Tomorrow
We already have a half day. I just cancelled all my meetings and I'm not working. Everyone else should do the same.
Which groups have been hit?
Sounds like it's everywhere. Has any area been spared?
Layoff today?
Was there a layoff or announcement today?
Has the company finished with the layoffs?
Nothing but fear mongering on this site.
Premature celebrations
You chumps can't contain your excitement as usual.
There are no layoffs this Friday, 5/15
There are no layoffs today. Whatever news is going around is just a rumor.
Notification tests
They are simply kicking tires before the real run. Good luck.
Why not offer early retirement packages?
Win win for both parties.
Board meeting went great
ROE is our focus. You know what that means.
Reminder that the FHFA Director is a mo--n
https://www.thedailybeast.com/trump-stooge-who-fed-boss-crackpot-ai-jesus-christ-meme-unmasked-as-bill-pulte/
Why Your Manager Is Incompetent (And Knows Exactly What They're Doing)
Let me tell you about the incompetent manager. They schedule meetings about meetings, give feedback like "make it pop," and haven't made a real decision in years yet somehow keep getting promoted. And the frustrating part? They're not stupid. That's... — read more
Fannie stock is taking a dive
IPO is dead on arrival. No further comments.
I guess not enough people are quitting because of RTO
Expectations are becoming so unrealistically high that I'm sure they're setting us up to fail.