Thread regarding Fannie Mae layoffs

I’ve Decided to Sue!

After much deliberation, I have decided to sue my manager and Fannie Mae, both. I fought hard with myself over this, and I seriously considered taking the severance money and staying quiet. After all, I need the money. But I have decided to move forward for the following reasons:

  1. I am established in my field, and it is wrong for me to be laid off from my full-time position while Fannie Mae continues to hire contractors an full-timers.
  2. My manager is a bully. Over the last year, he has forced four "senior" managers out of the organization. He did the same thing over the previous five years, shrinking his organization from 100 people to 10. He got away with all these.
  3. I reported my manager’s erratic behavior to him directly and to his manager, a senior vice president, on two occasions. No action was taken.
  4. I kept a detailed log of his bullying, name-calling, and erratic behavior.
  5. I applied for internal positions and was close to receiving an offer. My manager could not accept the idea of me moving to another team with a promotion, and he was afraid others would learn more about his behavior.

Signing the severance agreement would prevent me from suing my manager or Fannie Mae. I want change. I want common sense to prevail, and I want others to benefit from my doing the right thing.


by
| 56 views | | 8 replies (last 1 day ago) | Reply
Post ID: @OP+1m6rkgs41

8 replies (most recent on top)

@w7 an attorney friend that specialized in these types of cases explained to me once that workforce suits really come down to fair expected earnings and the effort to not provide fair expected earnings. So, the burden isn’t necessarily whether somebody lied or broke the law or some other action but if those actions cost the plaintiff fair expected earnings. This is the reason that a lot of companies offer severance packages because they come with the agreement that things have been settled fairly.

by
| | Reply
Post ID: @10j+1m6rkgs41

@OP I commend your courage but think it will be a tough uphill battle and difficult to prove; and even if so will be difficult to justify as they can just say you weren't a good employee and didn't fit in. Everything you mentioned above I had seen also.
I had seen very unethical and unprofessional behavior there, but it was never through a recorded video chat or in an email where there was proof. You are going to need someone to back your claims (I don't anyone else still working there will risk their job) or have some type of recording or written document otherwise it is just your word vs theirs.
I realize the severance is usually pretty good and reading the severance document a lot is basically paying people off to go away. I also realized I was glad not to be finished at such an unethical company that keeps and protects lots of incompetent employees.

by
| | Reply
Post ID: @w7+1m6rkgs41

I hate to be the bearing of bad news, but none of that is grounds for a lawsuit, especially AFTER being laid off. At-will laws mean you work only at the pleasure of the company. No cause is needed. I think Fannie is like Freddie in which they hired a lot of young people who they fired at the same time as the older workers to cloudy the OWBPA disclosure. That way they can stack the deck with younger workers to avoid age discrimination cases.

by
| | Reply
Post ID: @gx+1m6rkgs41

@b5 the good lawyers all left, just like the DOJ.

by
| | Reply
Post ID: @bn+1m6rkgs41

Congrats!
Fannie Mae doesn't have good lawyers, last year 100+ ex-employees won.
The playbook: sue Fannie Mae first, win. And then, sue your manager - which increases your chances of winning against a bully.

Execs who are sitting on a "Gold Mine" and think they can't be touched, be on notice!

by
| | Reply
Post ID: @b5+1m6rkgs41

These crooked incompetent directors and managers are taking advantage of the situation hiring a bunch of their H1B contractor people while US citizens are getting laid off. Completely ban the hiring decisions solely from these crooked managers and directors. It is wild they talk their own language during production support call and meetings while a few other wondering what the f*ck they are talking about. Serious investigation and clean up needed at the mid-management level. Thumbs up if you agree.

by
| | Reply
Post ID: @av+1m6rkgs41

@OP
My dear Fannie Mae employee,

It takes tremendous courage to stand up and take legal action against a company, and I commend you for having the courage to do so.

However, I would offer some advice based on what I have seen in the past. Many employees have raised concerns and complaints with HR and other senior officials, yet little or nothing has changed. Instead, those who speak up often find themselves pushed out or shown the door.

In my opinion, Fannie Mae has deep-rooted problems that extend from the bottom all the way to the top, and I have very little hope that things will improve. Do you really think management is unaware of what is happening? They know more than we realize. Unfortunately, I sometimes feel that the current situation is being allowed to unfold in a way that encourages employees to leave voluntarily.

My sincere advice is to do yourself a favor and start exploring opportunities with a better company. Even if it means accepting a slightly lower salary, a healthy and respectful work environment is worth far more than a paycheck in a toxic workplace.

Sometimes, protecting your peace, dignity, and career is the best decision you can make.

Good luck, and I sincerely wish you all the very best!

by
| | Reply
Post ID: @am+1m6rkgs41

Good Job, great courage, I should have, delivered what a Sr Director for a crucial SI project could not do being a lead associate, and was fired to cover-up.

by
| | Reply
Post ID: @a1+1m6rkgs41

Post a reply

: