It seems pretty quite recently. Maybe they are done with all the layoffs? Is anyone hearing anything new?
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@kz most layoffs for FTEs not contractors. They know contractors do most of the hands-on jobs at Fannie for a leaner pay/expense to company. Full timers are merely rusty sheepherders on fat generous pay packages that are real burden on the balance sheet.
@1e5 Finance as well. Any more coming?
At least 12 were laid off today in the Corporate Risk and Compliance division. All FTEs. Not sure if other divisions were hit today.
I can confirm there were layoffs in Tech on Friday
FM Contractors - please start looking for other opportunities. Yes, it’s a challenging job market. Hope you benefit from the First movers advantage.
Multiple people were let go with immediate effect
Yeah, doing minimal work will help you keep your job.
What part of tech was hit?
Heard about impact in technology today
Best you continue to do minimal work - and look for other opportunities, the culture has changed and will never be the same again. Don’t waste your time worrying and wasting ur own time , leadership will not care.
I feel like we're in the wait and see... to see how many people leave on their own due to worker reclassifications.