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.

Comment! It's anonymous!

8 replies (most recent on top)

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

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?

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.

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

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

6%, no they expect that 25% will accept

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

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

Thread regarding Freddie Mac layoffs

Freddie Mac Employee Buyouts 2020

8 replies (most recent on top)

Post a reply