Thread regarding Freddie Mac layoffs

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?

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Post ID: @OP+10DCRTTt

9 replies (most recent on top)

I’ve heard that there will be a buyout offer to some employees in the the coming weeks

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Post ID: @Lvps+10DCRTTt

Any news on upcoming layoffs/buyout?

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Post ID: @Jmid+10DCRTTt

Expect announcement soon on a large layoff

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Post ID: @Cchp+10DCRTTt

I have heard they are also taking a look at any long standing Master Services Agreements they have with the big IT contracting firms. Hexaware is really big at both Freddie and Fannie. Near monopoly. Paltry pay. Wonder if they will get bigger or...

I wish someone would look into their ‘price gauging’ ways - constantly undercutting and deflating wages in SW and allied services. But I guess as long as the right people or their family get commissions in cash or kind...

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Post ID: @wtny+10DCRTTt

Big employee layoff coming in November

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Post ID: @vdas+10DCRTTt

Are layoffs coming to Freddie Mac? What’s the latest?

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Post ID: @kqbe+10DCRTTt

I heard 900 people are being let go, is this true?

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Post ID: @8hno+10DCRTTt

New ceo believes reduced g and a is the path to exiting conservatorship...as im sure u know people are the biggest g and a cost. First project funding was effectively frozen, then contractors assigned to those suspended projects were let go. Latest is that full time employees are getting hit...terrible atmosphere of paranoia and worry atm....

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Post ID: @8jmc+10DCRTTt

I think they are doing a restructuring

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Post ID: @pxf+10DCRTTt

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