Topics regarding layoffs at Fannie Mae

Topics regarding layoffs at Fannie Mae

Remote worker quarterly visits

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.

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 

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 

news

https://timesofindia.indiatimes.com/city/vijayawada/us-firm-sacks-700-employees-200-laid-off-on-ethical-grounds/articleshow/120031296.cms

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?

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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.

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 

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 

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Post ID: @OP+1jq6vwgsr

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.

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 

Any layoffs

Any layoffs coming up. Looks quite, so any one has any inside info.

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| 1281 views | | 1 reply (September 20, 2023)
Post ID: @OP+1nVIiMK6

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