Thread regarding Fannie Mae layoffs

Any more details?

Many are talking about the upcoming layoffs. Is that true? Are the layoffs confirmed? Does anyone have more info to share?

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Post ID: @OP+1iRlHUOU

8 replies (most recent on top)

Is Common Securitization Solutions going to can people? Freddie and Fannie on their board

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Post ID: @Egog+1iRlHUOU

We are in recession planning. Any position that was was approved to be backfilled is basically on hold. There are many teams that are making do with less. Don’t expect any movement until late 1Q or early 2Q; if then.

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Post ID: @zcld+1iRlHUOU

yes, that is correct. First Contractors(Oct 31st end). Not sure Next if it comes to Employees (I am guessing by Dec End / Q4 end it will effect Employees), any comments.

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Post ID: @xtdx+1iRlHUOU

I got this news today from a coworkers that FannieMae had laid-off 300 plus contractors from multiple vendors, they all going to lose their job on Oct 31st 2022.

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Post ID: @xcnb+1iRlHUOU

We are in a hiring freeze. There have been no postings in SF or MF in nearly 6 months (except IT). Both SF and MF are being impacted by rising rate environment. Business is slowing down. I know many departments that are lacking key personnel due to departures, yet not being backfilled.

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Post ID: @ofml+1iRlHUOU

Comanies have become smart. Its all silent layoffs..

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Post ID: @aqtd+1iRlHUOU

Hearing the same rumor
at Freddie Mac but No leadership confirmation. Could be waiting to see how many people
Leave on their own because of the awful return to work policy

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Post ID: @3gpx+1iRlHUOU

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