Topics regarding layoffs at Freddie Mac

Topics regarding layoffs at Freddie Mac

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 

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 

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?

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 

Layoffs/Buyouts??

Recently there’s been a lot of rumors going around of a big layoff announcement at Freddie Mac. Does anyone have more details on this and when they expect this to happen?

Recent layoffs

I’ve heard news that some departments have been reducing their headcount and have laid off several lower level staff members. Any news on this? Is there more to come?

This one is for Sallie though (via WSJ on 10/21): The company, commonly known as Sallie Mae, also said in a conference call Wednesday...

This one is for Sallie though (via WSJ on 10/21): The company, commonly known as Sallie Mae, also said in a conference call Wednesday morning that it may have to cut costs by 20% to 25% (this includes Sallie mae's workforce reduction.) WSJ will... —  read more 

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Unless the U.S

Unless the U.S. Senate acts, the Sallie Mae facility in Lynn Haven likely will start "immediate" layoffs due to health care legislation that keeps private loan providers from originating student loans, officials said Monday. More:... —  read more 

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