Thread regarding Freddie Mac layoffs

Freddie Mac Employee Buyouts 2020

1,650 folks are eligible for buyouts, they expect that 6% will accept which is about 100 people. If they are short (which will happen, there is no way 100 people will accept) they will cut - so, in short, there will be layoffs and you can rest assured about that - let's see what 2020 brings to all of us.

Good luck.

As of February 2019, Freddie Mac had 6,600 full-time and 42 part-time employees, compared with 4,927 full-time and 85 part-time employees in March 2009, according to regulatory filings.
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Post ID: @OP+12AiyAuK

8 replies (most recent on top)

I came to know 600+ accepted the retirement package.. that is roughly 40% of total 1650.

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Post ID: @lugq+12AiyAuK

Out of interest how do you know 750 have accepted? And that story implies it's 6% of entire workforce, not 6% of the people offered the buyout, but that's just what the management 'expects' and sounds like it's already exceeded that?

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Post ID: @ewxn+12AiyAuK

Over 750 have excepted package as of Monday this week. They need to reduce headcount to pre 2009 employment levels, so another 2000 employees must go.

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Post ID: @asr+12AiyAuK

I’m FREE. Accepted the early retirement option. Glad to get out of this cesspool!

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Post ID: @wqn+12AiyAuK

whoever posted this knows absolutely nothing! They expect over 500 people to accept

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Post ID: @usi+12AiyAuK

6%, no they expect that 25% will accept

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Post ID: @qio+12AiyAuK

https://finance.yahoo.com/news/freddie-mac-offers-buyout-amid-202659221.html

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Post ID: @gut+12AiyAuK

https://www.reuters.com/article/us-freddiemac-cuts-exclusive/exclusive-freddie-mac-offers-early-retirement-to-25-of-workforce-sources-idUSKBN1YM2BT

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Post ID: @azp+12AiyAuK

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