Thread regarding Fannie Mae layoffs

More people are being let go today

It's not a rumor, it's not fear mongering, it's a fact. If you didn't hear about it today, it will trickle down to you in the next few days.

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| 3206 views | | 11 replies (last June 20, 2025) | Reply
Post ID: @OP+1jy204aeg

11 replies (most recent on top)

Hearing they are letting go of full time employees in lieu of cheaper workforce on work visas via 3rd party vendors? Anybody notice that..

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Post ID: @g4+1jy204aeg

A few in CQRM were let go today

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Post ID: @be+1jy204aeg

A friend said 6 were let go in LQC, mostly underwriters in the Credit department. A team lead, a manager, 2 directors, and some associates.

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Post ID: @b6+1jy204aeg

Have any programmers been let go

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Post ID: @b4+1jy204aeg

@ax totally agree. What is that number? That's the biggest question.

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Post ID: @b3+1jy204aeg

@ap They don't care about the day anymore. All they care about is getting down to a number. He said he was going to trim the fat so this isn't a surprise. He enjoys this process.

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Post ID: @ax+1jy204aeg

@a5 what level?

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Post ID: @aq+1jy204aeg

Why today? I thought this is done on Fridays …

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Post ID: @ap+1jy204aeg

You will hear from your coworkers in a day or two. And as the other poster said, 1 per group seems like a constant theme.

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Post ID: @a6+1jy204aeg

@a2 they let off a bunch in multifamily. Seems to be targeted at 1 per group. A few high leveler folks were let go

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Post ID: @a5+1jy204aeg

Nothing here - can u share some details

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Post ID: @a2+1jy204aeg

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