It seems that way too many folks, who were already laid off, can't deal with the fact that the company is finished with the layoffs.
Embarrassing display of envy.
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Anyone who think the GSEs are done w/ layoffs is a f***ing mo--n. At least 40% of the workforce at both GSEs can be replaced by low cost CTRs. Step 1 is cutting cost by switching to CTRs. Step 2 is automating that workload w/ AI to avoid the $100k H1B fees in the future.
@ve correct. Dems will win midterms in a landslide. We will soon look back at all this and realize it was all for nothing.
Nobody who survived is expecting riches. The reward is simply keeping the job during really bad job market which is not going to get better any time soon.
🤣 Envious of what? If Dems regain control of House, exit from conservatorship / privatization are DoA. Meaning pain / suffering you all endured was for nothing. If GOP somehow manages to retain, only Director+ will be eligible for RSUs worth writing home about. And GSEs will need to reach their min capital targets before equity packages will be approved, which will take at least another 2 yrs, longer if housing market slows. Trump’s term will be over by then, and Pres Newsom / next Dem admin will reverse everything Pulte does. In the minuscule chance full privatization succeeds, perf mgmt system will switch to rank stack / up-or-out, hrs increase to will match bulge brackets, and vesting will increase to 4 yrs, while most folks will be pushed out within 2. Go ask your friends at CapOne what it’s like to work for a publicly traded finance firm. Anyone who thinks by surviving layoffs to date will bestow them w/ riches anytime soon is a mo--n. Only beneficiaries from IPO are Trump / Pulte’s cronies and the spineless execs who avoid their ire. Trump & Bessent have already stated they plan to milk the GSEs to fund SWF, so even exec windfall odds are low.
@rp apples and oranges comparison.
The company has had 8500+ employees for the last 10 years. There was no reason to cut staff except for optics and perhaps sg&a falling in line in the future when the fat cats are brought in.
When you look at the workload across different units and organizations, folks are overwhelmed and defeated at the moment. You can't really cut more and not cause some serious damage.
As far as AI is concerned, it's a threat in different set of circumstances than we are in. You simply have to explore on your own what it can and can't do and apply it to our ecosystem and circumstances. Overall, it should be less threat than working anywhere else.
In summary, no reason to panic and despair anymore.
They might be mostly finished with layoffs this year, but I don't think Q1 or Q2 next year will be much better and will consist of more layoffs at some point. If you were around back 10 to 12 years ago there were multiple rounds of layoffs and way bigger in many departments then recently. I'm shocked there actually hasn't been more yet. They haven't actually cut that much, the company is still has a lot more people then it did 10 or more years ago...and many aren't doing much but pretend to be busy.
@k4 Bruh, that's a really weird way to cope.
Enjoy ur commute Grinch
Slow down with cope bruh.
People are going to the office 2 to 3 days max. Even that rule is about to be scrapped.
Better to be layed off with severance than go into the office , enjoy ur 5 days week in office 9am - 5pm sharp buddy this winter