Topics regarding layoffs at Freddie Mac

Topics regarding layoffs at Freddie Mac

No More Agile Jobs

Following Capital One's terrible decision of removing the agile job families, looks like Freddie has copied and eliminated all agile job positions int he last week. I wonder if more are coming from other job families or is this it for the year? Does... —  read more 

Quiet Threats

There was a company wide email sent out reminding everyone to follow our approved work arrangement which is mandatory in office tue, wed, and thur. The email also let everyone know that it is a condition of employment. How far is management going to... —  read more 


Company will never be Great until it deals with open bias. Promotions given to affinities, not based on actual work. No fresh ideas welcome. Tenure is not respected, or could be ageism. Those with experience used to reach goals but not... —  read more 

Post Bonus Departures

As some have predicted, departures are on the rise, with bonuses paid out. One exec has been announced but wouldn’t surprise me if there aren’t others. At the lower levels, it’s nice and busy, too. I’m aware of several upcoming departures at the... —  read more 

Remote working

Do you think remote working has been successful for Freddie Mac? Once the social distancing and quarantine is over-do you think it will lead to even more layoffs and emphasis on digital transformation?

Are other layoffs planned?

Besides the early retirement package employees that will leave the end of March, are there other layoffs planned this year? If anyone can give some specks of details, it would be very helpful. I wish the company can be more transparent instead of... —  read more 

Fasten your seatbelt!

Fannie Mae just completed a round of layoffs and is targeting another for March 2020. They will also offer early retirement packages this summer. I see this as a reliable indicator and Freddie Mae normally follows Fannie’s lead.

Freddie Mac Layoffs

Early retirement offered today for 50 yrs of age and older, and adding years of service equal to or greater than 60. Details to come by mail to home of employees that meet the criteria

An early out is not a buyout

It’s an easy mistake for normal people who confuse buyouts and early outs as all the same. Early outs are just that — people can leave before their normal retirement time but there is no cash incentive. When agencies offer buyouts they are very, very... —  read more 

Making it to February?

With most budgets rolling over at the end of the year I expect that most of the folks laid off or given buyouts will be told the news before February. If you make it past February then assume your position is safe.

Is this number correct?

People are saying that anywhere between 900 and 1500 people will be cut from Freddie Mac - is this possible? That number feels awfully high, even too high in my opinion. But I've been wrong on things like these before, so who knows. Where did... —  read more 

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