Anonymous
04/29/2025 23:12
Subject: Freddie Mac Layoffs Next Week
Freddie is a terrible place to work.
Anonymous
04/29/2025 17:23
Subject: Freddie Mac Layoffs Next Week
One can imagine how many other games these two companies are playing. Using their govt backed monopoly profits to squander money.
Anonymous
04/29/2025 16:01
Subject: Freddie Mac Layoffs Next Week
One Thanksgiving week on the Wed morning we let go all the contractors we could and told them to return day after Martin Luther King Day so save money.
That same day we laid off 40 employees. Reasoning between Thanksgiving and Martin Luther King Day not much work done so get them off books by year end. We back filled most of them by April and new hires got prorated bonuses the next year.
That same day we laid off 40 employees. Reasoning between Thanksgiving and Martin Luther King Day not much work done so get them off books by year end. We back filled most of them by April and new hires got prorated bonuses the next year.
Anonymous
04/29/2025 15:52
Subject: Freddie Mac Layoffs Next Week
Anonymous wrote: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.
During one of the many layoffs in 2010’s, I was in meeting with my manager and he discussing when to fire a person on pip. Both my vp and hr had me do before the subsequent month so one less month of health care paid for. They discussed as though it was policy and done before. I was silent .
What a great organization.
Same folks that told me to overhire h1bs and then fire 1/3 within 2 weeks. So as to not waste time on phone interviews
Again. What a great US corporation
Anonymous
04/29/2025 09:00
Subject: Freddie Mac Layoffs Next Week
Anonymous wrote:Is Fannie Mae in the same boat or are folks safe at Fannie?
I’m curious too but maybe start a new thread
Anonymous
04/29/2025 08:47
Subject: Freddie Mac Layoffs Next Week
Is Fannie Mae in the same boat or are folks safe at Fannie?
Anonymous
04/28/2025 13:47
Subject: Freddie Mac Layoffs Next Week
Anonymous wrote:Is the layoff only for multi family dept? Or other depts as well?
Some posted it’s across the entire company
Anonymous
04/28/2025 11:26
Subject: Freddie Mac Layoffs Next Week
Is the layoff only for multi family dept? Or other depts as well?
Anonymous
04/28/2025 09:28
Subject: Freddie Mac Layoffs Next Week
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.
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.
Anonymous
04/28/2025 08:06
Subject: Re:Freddie Mac Layoffs Next Week
long overdue. multi family is not even part of the core mission. it functions to provide cheaper loans to big business investing in apartments. it is corporate welfare on the backs of US taxpayers.
dont believe the nonsense from the special interests that want their cheap loans.
dont believe the nonsense from the special interests that want their cheap loans.
Anonymous
04/27/2025 22:23
Subject: Freddie Mac Layoffs Next Week
Looking forward to our secondary mortgage market falling apart. Wheee.
Anonymous
04/27/2025 22:08
Subject: Freddie Mac Layoffs Next Week
Oddly enough someone posted almost this exact same thing on reddit.
Anonymous
04/27/2025 21:48
Subject: Freddie Mac Layoffs Next Week
Anonymous wrote:Source on the managerial team in multifamily division says they are preparing to give pink slips to 600-700 people this week.
What source? What about Fannie,
Anonymous
04/27/2025 19:55
Subject: Re:Freddie Mac Layoffs Next Week
Which departments?
Anonymous
04/27/2025 19:13
Subject: Freddie Mac Layoffs Next Week
Source on the managerial team in multifamily division says they are preparing to give pink slips to 600-700 people this week.