Thread regarding Fannie Mae layoffs

@eq Agreed and it gets even worse when many low producers were placed on "projects" or basically given an excuse while others that exceeded production or met it every day are being micro managed. I'm not saying this is every department but a lot where some are protected while others are given a difficult time even when they can't show the producers are doing anything wrong. There is basically zero consistency there and hasn't been in the 12+ years I was there.
As the ship sinks, it will only get worse that the unethical will do whatever to protect themselves and those that can protect them also.

There is a strong favoritism culture where certain people are consistently kept close to major projects and work, while others are left out of critical comms. This makes it difficult to build meaningful experience and it directly affects our ability to find roles outside the company. Mid‑career employees especially feel the impact, as months of job searching often lead to rejections on initial resume shortlisting.

It's starting to feel like Fannie is being deliberately destroyed piece by piece, so that a billionaire friend can come sweep up the business cause and own the trillion-dollar transaction/ year.

@c5 I would just assume any reorg that doesn’t make a lot of sense is intentional. I wouldn’t be surprised if cuts happen before the holiday weekend like the last round. I’m glad I’m no longer there, that culture is just toxic at this point.

@bn I totally get your point. What doesn't make sense to us is that there are multiple single points of failure across the org, a few leads own so much critical work that losing any one of them whether they're laid off or leave on their own would create a huge mess.

What's odd is that leadership has to know this, but they're just reshuffling the entire team and pushing people toward the door. 80% of the team is quietly interviewing or looking for other opportunities even if nobody wants to admit it publicly.

It’s less disruptive to lay people off after they have been separated from the work they do and their direct reports than before. If you see that things you have been responsible for are suddenly being pulled out of your hands, that meetings you’ve historically been a key participant are happening without you, that you suddenly have less responsibilities than you have in the past - that’s not an accident.