I joined Fannie Mae as a contractor... Well, it did not take me long to figure out that there is a caste system in play, the employee is elevated and the contractor is put down.
Contractors have their own seating zones, they have smaller desks, it's worse work conditions too...
No team building for contractors too, it's all milk and honey for FM employees, everyone else id disposable...
Anyhow, no layoffs but for contractors, they will let you go for a number of reasons - and it's easy for them. Full time employees are protected.