Thread regarding Fannie Mae layoffs

6 replies (most recent on top)

@1k3 is this in O&T?

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Post ID: @1yk+1kcw9rzyd

@1k3 I have no idea in what group you work in but there is nothing like that where I am at.

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Post ID: @1vw+1kcw9rzyd

Until they get the lifer lead associates start putting in some actual work rather than supervise H1Bs. Literally unqualified people sitting on lead and manager positions that can’t write a single line of code or design a system, or sometimes even string together words to form a sentence. Not to mention all the H1b hires that are there to be easily controlled by the said unqualified managers. Org needs to be overhauled if IPO is to be an option.

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Post ID: @1k3+1kcw9rzyd

I'm actually surprised so far the layoffs haven't been larger. In the past there were some very large layoffs through many departments, but also many departments had become too big. Now, it seems like management and upper management is too big in most areas.

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Post ID: @hy+1kcw9rzyd

I see only resident mo--n has responded to you. Don't pay attention to him.

The number is just under 7000. It's very easy to find out.

As far as going forward, that's the million dollar question. They have cut already 20%. Employees are reeling but it doesn't matter. They could very well have IPO related goal that's much lower and cut a bunch more. We can only speculate. Overall, the entire thing is one big unnecessary power flex but what can you do?!

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Post ID: @ew+1kcw9rzyd

Maybe 1 person per seat so 5 days in office

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Post ID: @ek+1kcw9rzyd

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