They are behind the schedule.
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@jj what group is being targeted this time?
@jj what is the total count we are talking about?
@fs 100% confirmed date
@fs ive heard 10/29 also from multiple rumor chains. But just a rumor. Proceed with caution.
@bg "mid year off-tracks" meaning bad performance reviews?
@f0 Having worked there for over 13 years nothing got done even close to on time and there wasn't any rush to do it. Not to mention most items weren't even necessary or didn't add much. They constantly gaslighted there with how X or Y was important, but nothing really changed.
I worked in an area where we did some things that were for lenders. We didn't do this when I first started, it was implemented years later as someone thought it was a good idea or make them look important. The lenders didn't care about it, and it wasn't necessary, but everyone who's job at Fannie revolved around that (even other groups) had to justify it was important. It really made no difference.
Is 10/29 verified or just a guess?
@fe Mid year off track were let go on October 30th. Product was November 10th
@dm Last year the execs got hit on October 24. The Ethics purge was on October 30 and then November 10 was a few hundred others.
@f0 My team is overwhelmed with pointless nonsense.
@eb In theory they don't need that many people but in practice we are at the bottom limit. There is nobody around me slacking and in fact we are all overwhelmed. And we are not working on some pointless nonsense. Just the opposite. I suspect that's largely the case with everyone else at this point.
@dj Agreed, I've said the same thing in another post. They don't even need that many people at Fannie or Freddie for it to run. The problem is there has been no viable solution for the GSE's since they entered conservatorship and Congress doesn't seem to want to do anything either.
@dj Bill is small fish. In political theater that is Congress, he is the type of casualty that usually takes the hit. Find some dirt, run few negative stories and he will be thrown under the bus. His loyalty is the only thing that plays into his favor but it might not be enough.
The last round of last year was around Thanksgiving
Dems regaining control of Congress will have zero impact on Trump & Pulte’s ability to continue to sow chaos at GSEs. Layoffs aren’t illegal. Dems will pick their battles. And this ain’t one of them. Only guarantee will be that the GSEs ain’t getting privatized or getting out of conservatorship. So all the spineless leadership hoping for a pay day sold their souls for nothing.
@bg it's not just one small tiny short person with a big ego at top of fhfa and the gses who is doing all this. They've installed cronies on boards at both, within the senior leadership and even mid-tier leadership at the gse, and over at FHFA too. I mean the number two or three at FHFA is some co----e-addled ex vance staffer who was a fu--ing congressional intern like 5 years ago.
@bb I think political climate is going to be very different next year and his actions will be under microscope. His rampage is likely coming to an end. We just need to survive this last wave.
End of October is very likely. Last year they laid off all the mid year off track folks around this time. Most likely the same this year
@b9 don't worry, there is always next year for the pressure to continue!
@ax You guessed wrong. I am the op. Oct 29th is a very good guess but it's not mine. The window for layoffs this years is closing and I am just trying to wrap my head around wtf they are doing.
How do we know that there is only going to be one more round?
@a4 how do you know the exact date?
@a8 oh sh-t!
@a4 how many?
If you already made it this far you're just spinning a roulette wheel. Good luck
Soon. Just got word.
@OP
October 29