Mike H wants a 15-20% reduction in staff across Freddie Mac to take place over the next few months. Going to be getting ugly shortly.
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Pocket of firing folks in SF continues in the name of performance, no noticeable layoff yet.
So. Whatever happened with the 15-20% reduction? Lol
What’s next after scrum masters are done?
Why would they wait until Thanksgiving week to do layoffs?
Thanksgiving week it’s coming!
Layoffs at the director and VP levels in sales area, sales support and credit dept have occurred over the past 10 days.
https://www.theretirementgroup.com/featured-article/5448073/youve-been-laid-off-from-freddie-mac-how-much-severance
https://www.theretirementgroup.com/featured-article/5448072/are-freddie-mac-employees-shocked-by-a-layoff-thrive-do-not-merely-survive
Worker Adjustment and Retraining Notification Act (WARN) (29 USC 2100 et. seq.) - Protects workers, their families and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of plant closings and mass layoffs.
Can confirm. 20% is the target.
That number seems unrealistic.
What are you basing this on?