Thread regarding Freddie Mac layoffs

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 popular. In most cases they have to limit them because so many apply. Freddie Mac is going to unveil an “early out” program where people over a certain age can leave the company and still maintain access to discounted healthcare. There are no incentives or cash payments this is not a buyout.

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Post ID: @OP+11Tqb36y

7 replies (most recent on top)

No layoffs, look for early retirement information today....

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Post ID: @1srv+11Tqb36y

This situation is indicative of Senior Management @ it’s finest. Should be abundantly clear to FHFA And other government that Freddie Mac NEEDS TO STAY IN CONSERVATORSHIP! What a horrific way to handle this situation. Just horrible management and poor judgement from the beginning Employees deserve better than these clowns.

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Post ID: @1lke+11Tqb36y

People 55 and older with 5 years in can already retire with discounted insurance. You’re blowing smoke and have no idea what you’re talking about.

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Post ID: @1btp+11Tqb36y

One size does not fit all. Individuals at age 50 should receive a offer package much different than those age 55 and over. Over 55, it no longer becomes an early out because the individuals can retire and get the healthcare benefits anyway.

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Post ID: @1qui+11Tqb36y

This was all handled VERY poorly by the CEO, CIO, and CFO. Management has distanced themselves because there has been no message to relay. Senior management always changes their minds so you CANNOT announce anything early. Company is looking to cut costs so don't expect anything generous. Those who don't take the offer will be laid off after performance reviews. In the meantime morale will continue to plummet.

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Post ID: @1zsg+11Tqb36y

I see all kind of messages... no buyout, early out, no layoff, tomorrow is the layoff day, etc.. really confusing..

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Post ID: @tee+11Tqb36y

Employees 55 years and older with 20 years of service will qualify for the early out program. No severance will be given just access to Freddie’s discounted retirement healthcare plans.

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Post ID: @alz+11Tqb36y

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