Thread regarding Freddie Mac layoffs

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.

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Post ID: @OP+11Pd02kJ

5 replies (most recent on top)

I heard that FHFA rejected the buyout plan in part because it wasn't generous enough.

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Post ID: @3ccm+11Pd02kJ

I’ve heard all plans for a buyout are not happening until at least 2021

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Post ID: @3fvl+11Pd02kJ

Did FHFA approve buyout program?

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Post ID: @2fhu+11Pd02kJ

Who would be eligible for the buyout? Is it just IT and those nearing retirement? I'd expect the majority of changes to drag out and be done by the end of Feb or Mar with bonuses and taxes coming due. They'll hope people leave voluntarily in the meantime.

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Post ID: @1xjb+11Pd02kJ

I’ve heard that the total value of the buyout packages offered will be capped at twice your annual salary. The important word here is “total” value of the offer. This means that the cash component will likely not exceed one years pay, but other perks such as extended heath care coverage will bring the TOTAL value of the buyout package up to twice your annual pay.

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Post ID: @qse+11Pd02kJ

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