After much deliberation, I have decided to sue my manager and Fannie Mae, both. I fought hard with myself over this, and I seriously considered taking the severance money and staying quiet. After all, I need the money. But I have decided to move... — read more
What is really wrong about the Lay Offs at Fannie Mae
Put your opinions below, I wonder what you think. Incompetent VPs (and managers) get rid of their best and brightest just to look better, and strengthen their position. The company is hiring, there are hundreds of jobs. Hiring priority shall... — read more
The owner of this site needs to understand that all of our layoffs are driven by politics
So politics is the only thing relevant in our discussion. The rest is side show masquerading as main points.
Dose IT or Part of IT outsourced to Infosys
Dose IT or Part of IT outsourced to Infosys, As I get calls from Infosys recruiters for openings (IT and Infrastructure related) and they mentioned the end client is fanniemae. So wondering if the IT is outsourced to Infosys. Any update on this... — read more
Are they done for this year?
I am not that sure. I wouldn't be surprised another group gets laid off two weeks from now.
Why no media coverage?
Seriously. Nothing is there. I see some articles from August talking about the exec shuffle we had and that's it. Is it possible this is a non event for the media. I am guessing that we got so used to these massive layoffs that people actually dont... — read more
This would all be fine...
If the company was fighting for survival and leadership was giving it's best. But the company is swimming in money and 3 stooges wouldn't be able to run a lemonade stand on their own.
Wrong people selected again
What a shock. To absolutely nobody.
Finance Org. Shared the Layoff List: Public Humiliation and a Privacy Breach
The finance organization shared the full list of laid-off employees. Shame on you, Chryssa Halley! Have some respect for personal privacy. If you can’t keep 22 names confidential, how can you run Fannie Mae’s finances? Resign immediately, and take... — read more
We should have been offered voluntary layoffs
Just saying
Have all 100 affected folks been notified?
Can the rest of us relax?
Layoff today?
Were there layoffs today?
How are people usually notified?
Just to know what to expect (email, 1:1, whatever)
Remote employees/contractors
What makes these employees different from the rest of the company? The rest of us are being required to go to the office 3+ days per week, wasting time commuting. All for nothing to just join a Teams call with remote employees who are not in the... — read more
Is MTC closing?
There are rumors about MTC closing and everyone moving to RTC? Did anyone hear anything about this? Is it true?
Changes aren’t all bad
Having worked at Fannie Mae for many years, I can speak from firsthand experience. Unfortunately, I’ve seen a difference in the way people communicate and treat others. Some of the messaging from Fannie Mae employees comes across as dismissive... — read more
So early November then?
Once tournament is over? What a fxxxing torture.
Layoff 10/22?
I heard rumors of layoff emails coming tomorrow. Anyone else heard the same? I know it makes more sense for it to be next Thursday but who knows what they are thinking.
Severance rate
What have the severance packages been for the recent layoffs?
Lack of transparency
I'm yet to work for a company with more cowardly leadership than this one. Tell us what's going on, for heaven's sake! We're all big boys and girls, we can take it. Being kept in the dark is ten time worse than anything we might find out, whether... — read more
Indirect / Overhead %
No other biz in the world has as much Indirect / Overhead costs as the GSEs. If Trump & Pulte are targeting 15%, plenty of more fat to trim.
The walls are starting to crumble in SF
Something is brewing in SF, and it feels like it’s only a matter of time before things come to a head. The signs are there if you’re paying attention. Is anyone else noticing a shift and sensing that something big is coming?
Trump about to fire many members of his administration
Due to mounting corruption allegations and midterm losses. Bill might not be in the first round but he is right after.
How can I get fired deliberately??
How are y'all doing it? I have had enough so appreciate the feedback.
Danny Seeley PI planning
How many times did Daniel "Danny" Seely say "uhhhhhhh", 'Ummmm" during his PI planning meeting today? What kind of leaders are these
Time to switch companies
Here it comes. Just got confirmation Oct 29th is my last day !
Is anybody else looking forward to layoffs?
We know more will be coming, and that's the main reason why I simply don't care anymore. Getting severance would serve as a great safety net as I search for a job where layoffs aren't the only band-aid solution to any and every problem. I'm exhausted... — read more
Guess how many contractors on H1B are working here?
Guess how many Indians contractors on H1B are working here in IT? I feel sorry for those getting laid off and these incompetent managers/directors hiring and retaining contractors on H1B and in some cases getting paid from back door channel and... — read more
SuperIntelligenceTM yet?
What are the prediction markets saying about the order coming down that AI is now SuperIntelligenceTM at Fannie? You know it's coming...
When is the last round of layoffs this year?
They are behind the schedule.
Fannie Mae Employee Survey
How anonymous is it? I gotta something to say next time.
When is this sh-t show going to end?
Serious question.
RTO for Thee, Remote for Me
The amount being spent on co-locations and flying remote employees in just to meet badge-swipe requirements has to be off the charts. How does it make financial sense to let go of employees who were already local to an office, while retaining remote... — read more
SVPs
I am not going to mention any names but this has to be the weakest group of execs ever.
Is Sept 30th the day?
Most likely.
Suspense is ki-ling me
How much longer do we need to wait? Just get over with it fu--ing sadists.
If Fannie cared....
They wouldn't be forcing us to drive to an office while gas prices are out of control. The cost of commuting is such an unnecessary burden when we were highly effective as fully remote employees for 5 years! Love doing more work for less money!