Thread regarding Freddie Mac layoffs

As a younger employee, should I stay during this rough time?

I've started with this company as my first job out of college and have been here for 4 years now. I've just heard 3 or 4 of our good leads and managers are taking the early retirement package which is going to really change things up for our group.

Is there any reason that I should stay and endure these weird times towards exiting conservatorship? What would a regular employee possibly get for staying with the company during this time? It seems like I will eat sh– and end up with a lot more responsibility and only get like 2% or less CoL raises while putting up with the BS. It seems like the company is trying to trim down to look attractive.

Am I missing something, or will anything meaningful change for a regular employee post conservator exit? Is the juice worth the squeeze?

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Post ID: @OP+12SDh2H9

7 replies (most recent on top)

I am working at IT department, My VP said about 2 years ago when he if you don’t like to work here you should leave, I’m really disappointed with him what kind of leader that said s— kind of things like that.

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Post ID: @daan+12SDh2H9

One good reason to stay is that with 5-10% of older staff leaving you may now have greater opportunity to take on greater responsibility and get promoted. If you have better opportunities elsewhere, then fine, maybe you should go. But it's not a bad idea to stick around and see how things play out over the next year or two.

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Post ID: @cpbj+12SDh2H9

no. you are young and have options.

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Post ID: @9tiz+12SDh2H9

I came to know 600+ accepted the retirement package. This is roughly 40% of 1650 and 10% of total number of employees.

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Post ID: @3uhv+12SDh2H9

How many people accepted the early retirement packages?

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Post ID: @3wds+12SDh2H9

I agree with previous response, but don't bail until you find a suitable replacement job. Things are going to change at Freddie
but not things that are going to make it a better place to work for the employees.
Time to implement your long term career goals. Good luck!

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Post ID: @2dpu+12SDh2H9

You should jump when you get a chance... Pain here is going to last for at least 3 years

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Post ID: @2nks+12SDh2H9

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