Thread regarding Freddie Mac layoffs

It’s going down, I’m yelling timber!

Current administration wants Freddie and Fannie out of conservatorship. Large number of positions to be cut. Buyout packages having hard time getting approved and the next step will be a straight out mass layoff with no buyout.

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Post ID: @OP+11F3zTYQ

9 replies (most recent on top)

The buyout it targeted to employees that have been at the company for many years not new hires

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Post ID: @ahvo+11F3zTYQ

I recently got an offer from Freddie and supposed to start 11/11/2019. I do have another offer in hand and wonder if i still should decline the offer from Freddie?

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Post ID: @9lce+11F3zTYQ

The 900-1500 will not al be at once it will be over the course of two years.

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Post ID: @1cvv+11F3zTYQ

I am wondering how this would affect the local job market, with 900-1500 people flooding the market for work just before a potential recession. Are these full-timers/local contractors or mostly TRANSIENT contractors?

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Post ID: @1hnu+11F3zTYQ

I have heard between 900-1500 people. This amounts to 10-25% of all employees.

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Post ID: @1diz+11F3zTYQ

How many people are we talking? mid-management? upper management?

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Post ID: @1rjx+11F3zTYQ

Gutless way to handle this situation. Freddie Mac true to form!

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Post ID: @1kmd+11F3zTYQ

The company should be more transparent about this!

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Post ID: @zrp+11F3zTYQ

Less generous offers to be expected.

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Post ID: @nlt+11F3zTYQ

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