Thread regarding Freddie Mac layoffs

Let’s all remember what this is really about!

The move to offer early retirement packages to 25% of Freddie Mac employees was not done to cut costs, it was done to ensure that the total employee compensation paid out at Freddie Mac remains flat after the IPO. The money saved due to employees taking the early retirement packages will just be redistributed to top executives and C Suite bonuses. In 2009 alone top executives at Freddie Mac shared a $210 million incentive bonus-pool. Freddie Mac will have to hire a real CEO and pay them at least 25M to 30M annually.

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Post ID: @OP+12DUbRjY

4 replies (most recent on top)

“H1b bodyshops”? Please keep your racist remarks in your head and off the internet/Waggl.

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Post ID: @1ddng+12DUbRjY

Anyone that doubts should take a walk around pho2 or pho1. Almost all workers have been replace with H1b bodyshops

The future is clear for Freddie Mac it workers

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Post ID: @1bqgk+12DUbRjY

Exactly. Why do you think the CEO is so eager to get FM out of conservatorship?

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Post ID: @1mzl+12DUbRjY

If you choose to stay at Freddie Mac you should expect meager salary increases over the next few years, they will need to save as much money as they can to be able to hire and properly compensate top executives once they are privatized.

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Post ID: @sha+12DUbRjY

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