Thread regarding Fannie Mae layoffs

Layoffs Today?

Someone on glassdoor said they got laid off this morning. Anyone else hear anything?


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| 24 views | | 23 replies (last 2 hours ago) | Reply
Post ID: @OP+1kysa7nhy

23 replies (most recent on top)

@b5 One month salary plus two weeks salary (i.e. one paycheck) for every year employed at the company. So if you were there for 4 years, you would get three months of severance pay.

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Post ID: @bd+1kysa7nhy

Was in the COO meeting. I'm part of CDO and got laid off.

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Post ID: @bc+1kysa7nhy

Anyone have the details of the packages yet???

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Post ID: @b5+1kysa7nhy

Capital Markets product too. Seems to be a broad cut. Welcome back, Pulte.

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Post ID: @b0+1kysa7nhy

Some tech folks too

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Post ID: @ay+1kysa7nhy

@ap if they do it the same as before they will email your home email address with a preview of the package toward the end of your administrative leave. You have I think 45 days to decide if you’re going to sign or hire an attorney. But if you don’t sign by the deadline it voids the package.

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Post ID: @as+1kysa7nhy

It's funny; they reported 4 billion in net income yesterday, a 20% increase from the same quarter last year. Remember this the next time you stay one minute after 5:30 pm. Prioritize your own learning, and get the F out when you can. Sh-t is disrespectful.

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Post ID: @aq+1kysa7nhy

I am laid off this morning in 9 am COO team meeting. I was given 1-844-752-1234 options 3 and 3 to call. I was told I will stay on payroll for two weeks, no mention about severance package.

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Post ID: @ap+1kysa7nhy

Same COO

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Post ID: @ak+1kysa7nhy

same COO

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Post ID: @ah+1kysa7nhy

More in agile space

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Post ID: @ag+1kysa7nhy

@ae irrelevant, just standard text read to you (may as well email). More details to be followed in the email.

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Post ID: @af+1kysa7nhy

Who will be at the meeting? Just HR?

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Post ID: @ae+1kysa7nhy

Heard the same

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Post ID: @ac+1kysa7nhy

Before that meeting, cash out the BEAT, anything left in your $500 account, log into Workday and cancel any upcoming vacation time. Get your vacation balances. Also, update your home contact info in Workday to avoid having to sit on hold with HR. They will cut off your access after that meeting.

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Post ID: @aa+1kysa7nhy

got the email this morning

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Post ID: @a9+1kysa7nhy

I got a notification too

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Post ID: @a8+1kysa7nhy

@a6 I am so sorry 😢

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Post ID: @a7+1kysa7nhy

Got notif to wfh in CDO… Seems as though others in my team may be fine. I heard of entire teams getting this notification though(MF, SF Tech)… Very frustrating

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Post ID: @a6+1kysa7nhy

@OP do you know if it’s company wide? Is it going to be another huge round? So frustrating and nerve wracking. Sorry for all the people losing their jobs. @all please share your division if you can. Thank you

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Post ID: @a4+1kysa7nhy

Yep. Got an email as well.

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Post ID: @a3+1kysa7nhy

Got the email this morning ask me to work from home today.

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Post ID: @a1+1kysa7nhy

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