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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The buyout it targeted to employees that have been at the company for many years not new hires
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?
The 900-1500 will not al be at once it will be over the course of two years.
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?
I have heard between 900-1500 people. This amounts to 10-25% of all employees.
How many people are we talking? mid-management? upper management?
Gutless way to handle this situation. Freddie Mac true to form!
The company should be more transparent about this!
Less generous offers to be expected.