Thread regarding Fannie Mae layoffs

Lack of transparency

I'm yet to work for a company with more cowardly leadership than this one. Tell us what's going on, for heaven's sake! We're all big boys and girls, we can take it. Being kept in the dark is ten time worse than anything we might find out, whether it's about layoffs or whatever else.


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| 151 views | | 12 replies (last 18 days ago) | Reply
Post ID: @OP+1m57h7zjq

12 replies (most recent on top)

@nd

It gets better, she has actually been promoted since then.

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Post ID: @1b6+1m57h7zjq

@nd that person is on the ELT... Meanwhile the respected leaders who, according to the article, simply did the right thing about escaling and report that issue? Long gone.

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Post ID: @sj+1m57h7zjq

@OP Late to this thread, but did anyone notice the Chief Marketing Officer on our Leadership page is the same woman who was all over the news last year for sending something confidential to Freddie? (AP article I think) …things are really f*kng dark here

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Post ID: @nd+1m57h7zjq

@fd It also takes awhile to be hired or even hear back from some of these companies, especially the bigger ones. You can submit your resume, think they have no interest in you and two months later finally hear back for an interview.
I also wonder if they are leaving lots of management in the dark because they might finally let some go.

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Post ID: @gt+1m57h7zjq

@fd they are not going to give you hints by pulling out resources B4. They can always do it after you are let go (you being an example)

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Post ID: @fy+1m57h7zjq

In my experience, many people including managers and directors are being left in the dark this time. They aren’t able to prep their teams for quick changes because they aren’t being made aware of them until they happen. That said if you suddenly see work or assignments or direct reports being pulled away from you without much explanation - read the tea leaves. If you haven’t done so already, set up your financial situation to be unemployed for a while. The job market is not good right now.

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Post ID: @fd+1m57h7zjq

The worst days were around 2013 and 2014, less days off, 5 days in the office, lots of huge layoffs. The biggest issue now to me is just the overall management is useless and has no power other than to do what they are told all the time and agree with everything making everyone else's lives difficult on a regular basis.

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Post ID: @ez+1m57h7zjq

Wonder is c suite fellas required to take that mandatory code of conduct training because they are not following any of the 9 principles

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Post ID: @ek+1m57h7zjq

@ak In over 13 years I've never found the place to be transparent at all. Every survey they only bragged when it fit their narrative. Same with any program they implemented even if it was a garbage program, they would brag how great it was even if it wasn't. Almost no corporate company is transparent and if you think they are they are only telling you what you want to hear.
Days off hasn't changed much, never gave week of Christmas off before...it has just changed where days have moved from maybe a Friday before a long weekend to now other days. It is still more days off than vast majority of companies. I'm not trying to say things are great (I don't care for the place at all), just saying if you've been there long enough it has always been this way where it changes all the time.

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Post ID: @cb+1m57h7zjq

before jan '25 this firm was totally different. Leadership shared raw results from the surveys, implemented change quickly, was generous with time off, and wasn't pursuing rto bc productivity was even a little higher than b4 covid.

the silver spoon cherub purged the remaining competent leaders last year, the only ones left are here to manage the descent as they destroy the firm one bu at a time

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Post ID: @ak+1m57h7zjq

Agree with OP, there is only gaslighting and a lack of any transparency except using corporate buzz words they don't even understand. I started there over 14 years ago and there was leeway with departments then; although it was still very cutthroat and turnover was very high. I would say around 2014 almost everything came from top down and all of management was neutered. Speak out or have different ideas and you were gone. It became all groupthink and has been going downhill since.
Working from home helped because you didn't see the BS in the office, but the place has been really going downhill for over 10 years. They just pay people more so they look the other way. They have held some very smart people down while promoting people with no experience. Even a new administration won't change anything unless they clear out a lot of the current management, which seems to just do whatever they need to keep their job.

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Post ID: @aj+1m57h7zjq

@OP 3 stooges are rock bottom of society. The rest are incorrectly labeled as leadership. They are even bigger stooges with no power or agency whatsoever. In fact they cower even more than your average employee because of their fat salaries and miniscule employability outside of this company. We can only hope this insane chapter will come to an end soon.

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Post ID: @aa+1m57h7zjq

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