I hate hearing everything that current employees are dealing with. It su-ks. It was a great company and I was proud to work there. I worked at Fannie Mae for nearly 20 years.
I was part of a big layoff several years ago. I was laid off just before a large scale early retirement package was set to be offered (and it was widely known this was happening!). With my downsizing, I was offered an AWFUL exit package (with no extended insurance and less $ than expected). So I hired an attorney.
I HIGHLY recommend that anyone laid off - do not sign your letter before you speak to a qualified attorney. Trust me - you’re leaving a lot of money on the table.
3 replies (most recent on top)
@b9 A lot of those levels didn't exist before 2019. They had a whole different letter grade system back in the day.
Fannie Mae laid off employees and contracted Infosys, which has already started posting job openings.
https://sjobs.brassring.com/TGnewUI/Search/Home/Home?partnerid=25633&siteid=5439#keyWordSearch=&locationSearch=Virginia
@OP some more info would be helpful. What level were you? Lead, advisor, director? How much did the legal fees ended up being? It's hard to believe they offered anything less than the standard package which is 2 weeks of pay per year of service. On the other end there is package they offer to VPs and above which is two years of pay? I guess you are hinting at that?