Seems like the company is actively hiring more employees on a daily basis. Several potential new employees with visitor badges getting interviewed everyday in the cafeteria area. They might be backfilling all the eliminated positions.

Heard from a coworker who knows a manager that more layoffs are scheduled in the Capital markets, shared services and multifamily divisions. Managers have been given instructions to reduce headcount by 30%.

Or should we just start treating layoffs as a weekly occurrence at this point?

It's a short holiday week. It's the week after that worries me.

This is almost diabolical.

I have to say for a company that I truly loved at one time is so disappointing.. I am going to put this out there. Managers are a disappointment! Not one is truly a people manager only a process manager. Tenure means nothing you have directors... — read more 

How much input do the SVP or VP have?

It sounds like some departments were hit especially hard.

Thanks in advance.

Any more additional Layoffs coming? Any updates to return to office?

Any promotions happening this year?

These moves are thought out and strategic. 100 or so a week is flying under the radar. If they did 1500 or 2000 in one shot, it would trigger headlines.

It's not a rumor, it's not fear mongering, it's a fact. If you didn't hear about it today, it will trickle down to you in the next few days.

My buddy works here and is a programmer I'm actually worried because he doesn't talk to much does anyone have any actual news or is it a bunch of doom saying

Prepare for another big one.

if we get message work from home that day and attend a meeting, and if layoff in that meeting, how the return of the badge and laptop handled.

Or are there more layoffs pending?

Who is in jeopardy?

Heard that a Big Tech style mass layoff removing Agile Roles (Scrum Masters, Coaches etc..) coming soon in anticipation of moving towards self-managing T Shaped roles. Anybody else heard?

Does anyone know what, if any, lenders are hiring for multifamily underwriter positions? Is the market totally swamped with agency folks trying to land somewhere or is there still hope?

Seems like Palantir is being integrated to automate workflows and potentially terminate in-house development teams like fraud detection etc. Anybody have more insight?

Because that's a great long-term strategy, right?

Trump just officially announced plans to take Fannie Mae and Freddie Mac public. Major changes could be on the horizon for employees, depending on who ends up as the majority owner.

So my direct boss and a senior manager both vanished last month. No farewell email, no transition, just poof. You’d think after years with the company they’d at least fake some enthusiasm on the way out. Makes you wonder what memos we aren’t getting... — read more 

Freddie mec

TIA

Got locked out mid workday with no notice, got an email a few hours later detailing that Fannie Mae is “realigning our resources to meet corporate priorities and business needs. As a result, we regret to inform you that Fannie Mae has made the... — read more 

It seems pretty quite recently. Maybe they are done with all the layoffs? Is anyone hearing anything new?

A few days ago I was notified by email by Enterprise Workplace that I am being reclassified from FLEX to REMOTE. I believe if you are playing a critical role within the company, they will change your worker's classification in order to keep you... — read more 

Most people either won’t or simply can’t relocate. I just hope severance is being considered in all such cases.

I am in EROW as a FLEX employee but am not near a office but have not gotten an email for relocation. When is this email suppose to come out if its real?

Today, remote workers company wide were told to move back by 10/1 or be let go. They have until mid-June to let the company know their plans.

The environmental, social, and governance (ESG) team at Fannie Mae has reportedly been dismissed in its entirety, according to multiple sources who spoke with... — read more 

Any update on this? Have you been told you need to start planning Q2 visit? They are tracking everyone to see who’s coming in and who isn’t. Will you get fired if you don’t make one of the quarterly visits?

It seems everyone agrees more cuts are on the way. The uncertainty is overwhelming.

I heard that over 100 were laid off due to ethics violation but the rest were due to restructuring…

I know this is an uncertain time and we are not used to this. Despite these layoffs, this remains one of the best places to work. Say what you will, but I have been here for five years and the pay, benefits, culture, atmosphere, and people have never... — read more