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!

Should happen any day now. Who and how many?

With hands on experience dealing with our CHRO, he literally su-ks. I know we live in the time of bootlickers get promoted but damn DH is the d-mbest out of the bunch. Literally self centered, just talks a bunch of nothing and pretending to be all... — read more 

It’s funny how the primary task of a “technology” manager or “senior” manager is to monitor and manage the attendance of other adults. It’s like being in school and the teacher marking attendance of all the kids. Except the kids here are 40 year... — read more 

If you believe in working hard, helping your team, and learning from mistakes, you're probably going to have a rough time here. Mistakes get held against people, while micromanaging and corrective action seem to be the main culture.

Few posts online are claiming that people are abandoning their homes, leaving cars at airports and flying out of the country, this could be a early sign or a social media speculation of repeat of past 2008 housing crisis ?

Still too high in my opinion.

No other company out there subjects it's employees to this kind of stress. Sure there are layoffs and restructurings but they are one time thing and once they happen, people go about their business and lives. Fannie Mae on the other hand has been... — read more 

Enjoy the long weekend, everyone!

Looking at recent threads, I couldn't help but notice everyone turning on each other—SF vs. MF vs. Tech, hybrid vs. remote, first line vs. 2nd vs. 3rd line, people of a certain ethnicity vs. others, you name it. Meanwhile, the people actually pulling... — read more 

Is it coming before the long weekend?

There’s a growing concern about how decisions are being made. On top of everything else, there seems to be a pattern where certain groups receive preferential hiring and protection when their managers share the same background. This creates an uneven... — read more 

I wonder what’s the percentage of SVPs leaving in/voluntarily? There are 3 leaving from Peters email earlier today plus a few more that were fired last week.

SVPs, VPs, directors…leadership is officially shook. It has finally hit home that no one is safe. Now it’s a survival game, complete with finger-pointing, people throwing each other under the bus, and everyone trying to outlast the next person... — read more 

Management keep shuffling people around, employees and contractors were let go but it looks like once the Y28 administration comes in, the cycle will start again everyone brought back, teams bloated, and the same loop repeating.

https://www.wsj.com/politics/policy/upheaval-at-fannie-mae-raises-stability-concerns-57535616

Whoever (Roscoe?) is the inside source talking to the press saying a bunch of senior leaders were fired because of AI, we don't even have any good AI tools you d-mb fu-k. What a crock of sh-t.

I work in tech and want to stay anonymous but I am worried almost every day about loss of remote days or just the loss of my job.

Why is this going on for so long?

They are next. Most of them couldn't get a middle manager job outside of this company.

Any of you got an email with official statement? Since these were group leaders, you would think some communication would follow.

I dont understand why are they making cuts to the tech when they need us to do the work it's already been shown at the very least we are cheaper than the AI alternatives.

I am guessing yes. How are you handling it? Is your management aware? Mine has increased substantially. I don't know how long this lasts but health can take the back seat only for so long.

Anyone else hearing rumors of changes coming to the current in-office requirements? I’m assuming they’re just looking for ways to ratchet up pressure to get more people to leave voluntarily instead of continuing to pay severance packages.

This just isn't a serious place of work anymore. Where should I go next? Amazon? CapitalOne? If you're smart and hard working where would you go? I'm tired of the antics.

Are we thinking layoffs the day before our bonus day off?

Does anyone know how the company is getting around the Worker And Retraining Notification (WARN) that I believe the company is subject to.? The numbers involved in the various RIFs imply they should be filing WARN reports. I know the earlier round... — read more 

I don’t understand the idea of these constant layoffs yet every Monday there’s new ppl getting hired. I see friends who’ve been with the org for years get laid off without warning then suddenly I have a new desk mate/more ppl being added to very... — read more 

Is it the VP that decides or is it your manager? Pulte? What metrics do they use? Commit amount? How often your name comes up in meetings? Does your age matter much? What about pay?

If they want to maintain or improve morale while still slashing headcount, why not offer voluntary separation packages to those who have been at the company over 8 years? You’d get headcount down, limit the angst for those who perform well and want... — read more 

There is salary, a sign-on bonus, an annual bonus, deferred salary, deferred compensation, and all other compensation. The total pay is well into the millions and easily exceeds any of your guesses. Same goes for your VPs and SVPs. ... — read more 

Is your goal to make people panic? You don't know what's coming. Unless you're part of the C-suite, you have no idea how many people will be laid off and when. This is all a guessing game, and stating it as fact can only serve to further erode... — read more 

It's going to be a rough fall season. I think they are on a mission to make this company very lean. That means going down to 6000 employees this year.

Me and few in my org effected and other are on visa program got protected. What does this mean?

Anyone else no longer able to see the Fannie Mae “bowls” on Fishbowl and Glassdoor? It now says they don’t exist. They were active prior to 10 am yesterday.

How many got impacted today? What is severance? Feeling really stressed out.

OK, so I have sympathy for everyone who's impacted, and nobody deserves this. They don't need to get rid of all the directors and VPs because some of them actually know what they're doing. But seriously, and objectively, they should get rid of the... — read more 

Large number of them can be replaced with AI far easier than your lower level SMEs.