Thread regarding Freddie Mac layoffs

March 2020 layoffs

Is it true that more than 700 people will be affected? Does anybody have any more details - which departments, locations, positions? Anything?

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Post ID: @OP+13uAlgUj

5 replies (most recent on top)

So the CEO and senior management just held their 1Q Town Hall and no one a addresses layoffs or the VERP? That was a very large elephant in the room, and if they weren't considering additional RIFs in 2020 they would have said so to put employees fears to rest. So prepare yourselves, especially if your boss doesn't favor you,
They are going to lay off people they consider marginal employees under the "Loss of Confidence" criteria and it's going to happen sooner than later.

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Post ID: @7ikk+13uAlgUj

It sounds like dead tree rotten from roots in the ground. Why not use CAT instead of just cutting dead limbs or plant a new tree ground up?

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Post ID: @6qko+13uAlgUj

Freddie interim CFO is chopping dead wood now that they can retain earnings and getting ready for IPO - the voluntary reduction is just round one

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Post ID: @2zuu+13uAlgUj

800 to 900 already took voluntary exit package. What is the rational behind this one?

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Post ID: @2xne+13uAlgUj

likely this is the more than 700 people that are taking the voluntary early retirement package

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Post ID: @ixq+13uAlgUj

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