Reply to Freddie Mac Layoffs Next Week

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[quote=Anonymous]You do know Friday is May 1st. Unless Freddie changes severance policy they are actually very generous with severance.

If I was in charge I would want to act by April 30 this Thursday. A lot of workers get four weeks per year severance and they usually pay out prorated bonus.

So if that is the case they get 5/12s of bonus for 2025 if laid off on Thursday April 30. Plus four weeks per year. The four weeks per year (can be a bit more or less) is calendar based. Has to be a full year to the day. They round down.

No one works there on Fridays a BS day. So Friday is May 1st. No point dragging it out as no one is quitting who thinks they might get severance. So longer you wait more you owe them.

The cut off to get a bonus is October 1st.

A smart company would do a big layoff now in Spring and if over terminated in Fall after October 1st bonus cut off start backfilling for positions you should have kept.

Sets up 2026 for success. You ate severance and bonus charges in 2025.

2026 bonus pool much smaller.

If they went back to single family primary 30 year mortgages only they would need a lot less.              [/quote]

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