Does anybody have any details? Such as when in March, how many, which locations, departments? Anything would be great.
Topics regarding layoffs at Fannie Mae
Anyone know fannie will have another round(s) of layoff/terminations after performance evals in Feb/March. Also hearing about another VEP offered in the summer. Any concrete info?
I was an executive at Fannie Mae for several years brought in after the financial crisis by another executive new to the organization. All was great until I attempted to make changes to improve the lack of controls that led (in part) to historical... — read more
I’ve heard a lot of rumors of a large upcoming layoff/buyout announcement. Anyone know more details?
I joined Fannie Mae as a contractor... Well, it did not take me long to figure out that there is a caste system in play, the employee is elevated and the contractor is put down. Contractors have their own seating zones, they have smaller desks, it's... — read more
Fannie Mae is a heavily political company, no different than any other in terms of promotions and growth. You may have a great track record of completing projects in a timely manner but unless you are part of the crowd or a “yes” man don’t expect to... — read more
I was an employee of Fannie Mae for several years and finally left because I could no longer sit idly by and watch as teams were berated by management who showed very little regard for any of their staff members. Some in management were not capable... — read more
Yes, the actual layoffs occurred on 05/12/2017. The company of course didn't disclose -- not that I've seen anyway -- the total of number of layoffs company-wide, or layoffs by geographic area. I worked in Dallas for 8 years and I was hit. — read more
Layoffs are happening today, but nobody writes here as people are scared.
Along with voluntary exits end of March 2017, there is either that pay check or prior one another lay-off expected. 25% overall (mostly in DC), and up to 15% in Dallas. Performance based cuts already happening at a small scale. Watch-outs middle... — read more
How many more rounds are in the stars?
So the new headquarters is 700,000 square feet as reported in the media. Typical office buildings have 200-250 sq ft per person. Theoretically 2800-3500 people could work at such a building?
This feedback is all great yet terrible at the same time and I feel sorry for the employees impacted by this devastation so close to the holidays. Fannie Mae and Freddie Mac have a superior reputation for bringing in more friends /family instead of... — read more
We had an unexpected layoff in October within our department in the Dallas office that appears more and more as a vindictive retaliated layoff than the normal reduction in force. Several people were affected and were informed that there was a layoff... — read more
Fannie Mae started a round of Layoffs on March 5, 2015 when they laid off over 300 employees company wide. The head of HR's statement to the Employee's! (Do not tell anyone except close immediate family that you have been laid off!) OH come on, like... — read more
Do you have more info on the planned job cuts at Fannie Mae's IT group. I've heard multiple rumors about this and it's my understanding that some IT functions might be outsourced and that IT resources currently employed by Fannie Mae might be losing... — read more
If things continue to slow down we will be more affected and you can expect some big layoffs in 2015. We had good few years and it cannot continue to be like this for long time. I would say get ready as 2015 layoffs look more and more realistic.