I know companies have strategies to reduce workforce and adjust to the business. But layoff at every few months is not good for workers to concentrate. When is a good time to be stable and stop laying off? I have not seen this in the past 20+ years... — read more
The Big Obe is Coming
Hearing through muiltiple HR associates and IT that a lot of layoffs coming this week. A lot of additional packing supplies have been ordered for equipment returns according to IT
EPM Reviews: Promotion Game Fixed
I'm getting pretty tired of the games management plays. They sell you on some big project or exciting change, making you believe it's an opportunity to prove yourself and move up. In reality, it's often just a way to squeeze more out of you while... — read more
Congressional hearing on Pulte?
I hear he is on the list. All kinds of data theft and unauthorized access, misuse of funds.
Legal layoffs
Legal was hit Monday night. A mix of lawyers and legal professionals. Hard to tell how many, maybe 5% of the staff.
Health benefit got way worse?
Just noticed that health benefit got much more expensive and way worse this year, especially the CDHP and select? Is this a way to push people out?
More Layoffs
About 5 just happened in Single Family. Now I’m wondering if it’s strategic to drizzle them throughout the year to keep from having one mass layoff.
Work for free and get rewarded!
Like Mike H said, work for free (after hours and weekend) and you will be rewarded with 1 extra month of summer Fridays! Pump up those numbers people and applaud free labor!
CISO Ousted
CISO is replaced. Golden handcuffs of "SVP - Advisor" until year end
Was EVP of Risk fired?
Some people saw him with security walking out. Did he get fired? What did he do?
Employee Survey
What comes out of the survey results and feedback?
Not worried about layoffs
How much worse off can you be than staying here if they show you the door and send you off with a nice severance package? Honestly?
September cuts
Anybody hearing anything about supposed September cuts?
Any casualties from the SF layoffs this week around?
I know at least 50 folks were let go across the board - maybe more…
Layoffs Incoming
Interviewed a bunch of Freddie Mac employees, each of them shared that layoffs are coming. Both in single family division.
Watch out
Layoffs coming this Friday. Be prepared.
This board is dead
Company is finished with layoffs for this year.
How come Freddie got summer Fridays and Fannie didn't?
Does Bill prefer Freddie?
Is 5 days a week in office still mandatory?
Across the company? How are you guys managing?
AI Sessions
Stop putting AI meetings during lunch hour. We already know AI is coming for our jobs because you’re forcing it down our throats! Now you want to take my lunch too!!!!
Stress
How do you navigate working for a leader who consistently deflects responsibility when things go wrong, portrays themselves as the person holding the organization together, and repeatedly singles out one or two employees for criticism until they... — read more
Need help navigating a workplace dynamic
We're increasingly relying on very junior resources who often arrive with a great deal of confidence but very little context. Many are obsessed with visibility and impressing VPs and Directors, spending more energy crafting narratives and projecting... — read more
Why aren't people quitting?
Turnover's blowing up at so many other companies but things feel weirdly frozen here. I'm still looking for an exit but most of my team seems fine staying put even after everything that's happened, and I can't tell if they know something I don't or... — read more
Productivity tracking?
Can someone explain how they are tracking productivity? What’s the software? Is it just Viva Insights? What are they tracking? Who gets the reports? Please share if you actually know. This is important info for all of us!
Anyone know if Sapience - the “productivity management” software is being used for this round of layoffs?
If so, start moving that mouse around ladies and gentlemen.
Bargain w FM: you keep me in fear, I do min required
Don’t expect engagement, cooperation, creativity. You won’t get it because you don’t believe in it. You believe in hierarchy of mediocre yes-people, micromanagement and fear tactics.
Freddie Mac is supposed to be an American company backing the financing of houses for Americans
but it's become nearly all indian, apparently by design
No more layoffs?
Seems like it.
Has this been confirmed?
10% this year company wide. 5% in June and 5% in October to stay below the warn notice. Next year gets even better at 15%. Have fun everybody! Is this true?
Bring on layoffs
Too much fat around that desperately needs to be cut. Sadly, I doubt they'll ever be asked to leave. Most of them are too good at a-s-kissing to worry about their jobs. But a guy can dream, right?
Diversity is our strength
Right?!
Big one is coming
Brace for impact.
HR’s downsizing playbook:
create an intolerable culture so people quit—same layoffs, just without the severance bill.
Who all laid off did not receive a severance? Was everyone fairly compensated?
Hey just wondering how many people were fairly compensated when they were laid off. Have heard there have been several folks who were let go with no severance. Is there anyone fighting for them?
Total chaos
This place is way too complicated. Too many different groups, too many channels. One part of the company has no clue what the other part is doing. I'll be happy to be out of here, even if it's by being laid off.