Thread regarding Fannie Mae layoffs

@bp how to check lay-off list?

@bp not surprising. University and research institute are most impacted by the same group of ppl. No wonder researchers and experts are laid off.

Looking at the layoff list, it is easy to see that the best were let go. Scholars, researchers, and authors were selected on purpose by their incompetent managers. A Yale economics PhD with two Nobel Prize-winning advisors is on the list as well. Shame on you! Incompetence is at its finest in this organization

@a8
The successor was hand picked before the current “Judge” Had even been laid off. Look at the recent org changes there, you’ll see it. Illegal? Probably not… cronyism? Definitely.

@OP I don’t know why you blame Cryssa. You do-g know who caused this?

Check JR2982 at Fannie Mae’s Workday “SVP of EMA”, which is a new posting. This exact title and description was laid off a month a go! This is illegal!!! Scammers!

It always starts the same way: ‘We regret to inform you that Fannie Mae has made the difficult decision to reduce our workforce.’ This is the message the SVP of Modeling and Analytics received one month ago at a lay off. Yet there is now a fresh internal posting, JR2982, open to internal applicants only, with Chryssa Halley as the hiring manager. So which is it? Did you reduce the workforce? If so, why are you hiring for the exact same title and job description only one month later?

@a4 Unfortunately businesses (or whatever the GSE's are) don't work that way. They tend to get rid of people that don't prescribe to groupthink and sometimes I think some cuts are just to keep the others in line and scared.
All said, some of the cuts there don't make any sense, while I've seen other groups doing completely redundant and useless work that should have been cut. A lot is just "busy" work and trying to make your department look important, but if a higher up doesn't see it that way or your not a friend...forget it. I've seen some great people get pushed to the side and out while their buddy protects himself (it is mostly guys) with his other buddies who don't know anything.

@a4 This is what I don't get. We spent ~2 billion in compensation/benefits last year. compared to our revenue/profits, its less then half of a quarters profit. We are not talking huge effiencies.

I want to remind you that the company makes 15B per year. Today they saved 25M. That's 0.167%
You have to be first rate degenerate mo--n not to improve business elsewhere and cut folks for this kind of improvement to the bottom line.

what are you even talking about shared with who????