Thread regarding Fannie Mae layoffs

Where to?

This just isn't a serious place of work anymore. Where should I go next? Amazon? CapitalOne? If you're smart and hard working where would you go?

I'm tired of the antics.


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| 76 views | | 18 replies (last 10 days ago) | Reply
Post ID: @OP+1kzprc5yf

18 replies (most recent on top)

@1dg

What a difference a day makes?

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Post ID: @1nz+1kzprc5yf

Anyone ever notice management never leaves there unless they let go or they retire? I think most of management would really struggle to find a job anywhere else that fits similar to their role at Fannie...and that is why they seem to be doing anything to keep their job there, including making everyone miserable around them. They know they can't easily go get a similar job somewhere else.

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Post ID: @1dg+1kzprc5yf

If someone is only qualified to work at Fannie Mae, what does that say about the company.

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Post ID: @v1+1kzprc5yf

@r2 Nah. Being last standing MAGA fan boy puts you somewhere in the sub 50 IQ category. Truly cringe.

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Post ID: @rk+1kzprc5yf

@ax holy sh-t ni---r you're re--rded!

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Post ID: @r2+1kzprc5yf

@pw I know, right!?! Stroke of luck. Once Fannie is done with me, I'll be waiting tables.

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Post ID: @r1+1kzprc5yf

@bk How'd you get hired in the first place?? X D

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Post ID: @pw+1kzprc5yf

@j2 you folks must live in a different universe than I do.

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Post ID: @j9+1kzprc5yf

My advice would be to just be methodical if you have time to make a choice. Think of the top things you’re looking for in a workplace I’m guessing assessment of money, location, commute, opportunity, and some other things would make the list. Think of aspects of the job you’d like to have, e.g. tools you can work with, growth you’d like to achieve, management / non-management, etc. Then you’ll probably want to consider your non-negotiables things like long commutes, corporate structure, levels of management, vacation time, work from home, etc. Talk with your contacts and get a sense of their experience. This will give you a really good sense of where you want to go but also industries you may be open to as well. Also, apply for what interests you even if you don’t meet every qualification. This could also open up possibilities for you that you weren’t expecting. Good luck!

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Post ID: @j2+1kzprc5yf

They don't even give us the good AI tools, but then expect us to make magic happen.

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Post ID: @fp+1kzprc5yf

@e4 I'm trying to avoid big companies unless you know a department that is well run, but even then companies change. Having been at Fannie for over 12 years there were some decent years but probably more annoying years than not. Just too much hypocrisy and keeping people that definitely should have been let go. You really have no voice there, the surveys and all the talk about how they want to hear your voice is garbage...it is just to make you feel like you are being listened to.
I realize the same can happen at smaller companies, but I've never been a big "want to work for corporate" it seems to attract and keep people you would never want to work with again. Watch videos or read about people who've left big companies, they all have similar stories.

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Post ID: @f6+1kzprc5yf

I used to work at Capital One. If you don’t like it at Fannie Mae you’ll be miserable there and at Amazon. Even more politics, significantly more competitive internal environment + the added fun of mandated layoffs twice a year where anywhere from 8-15% of the workforce gets PIP’d.

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Post ID: @e4+1kzprc5yf

@b1 Yes the AI push is upsetting most people even people I spoke with it at other larger companies. It is being pushed by the larger AI companies to make it appear like they are gaining users to pump up their stock like you said; and do it before they go public. Then the private investors will cash out knowing this AI bubble is about to burst. Fannie just follows other companies as they have no new ideas. A lot of the corporate world is just "group think", and once a few companies move one direction every other company feels left behind if they don't follow the new "in thing".
This AI will be a race to the bottom as it will help the incompetent managers, directors, VPs appear "smart", when they really have nothing to add.

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Post ID: @dv+1kzprc5yf

@a7 Agreed. I was in a more niche job where I was very bored and didn't learn anything or develop any new skills there. I am now using my time to learn other programs and trying to branch outside my niche job. There are lots of niche jobs at Fannie that rarely work anywhere else nor do you develop a lot of important skills, unless you want to work at some other big corporate company. After dealing with corporate BS for over 12 years at Fannie, I want nothing to do with another large company or do the same boring thing.

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Post ID: @dt+1kzprc5yf

@OP you are smart and has a chance but what about the rest of us who are not and are stuck?

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Post ID: @bk+1kzprc5yf

All the stupid AI pushes are nothing but the big boys in AI tech, which are in cahoots with the administration, pushing more and more token usage to pump up their stocks. It is laughable how this company heads are falling in line and pushing "mandatory" use of AI for everything. Do you really have to go all in with AI ?

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Post ID: @b1+1kzprc5yf

I'm assuming this comment is due to the fact that now we all have to look at the narcissistic, misogynistic, convicted ra---t commander in chief in his 1984-inspired, AI edited photos looking all stern with his spray tan coating while we get our shi-y morning coffee?

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Post ID: @ax+1kzprc5yf

@OP

It really depends on what your role is. Some roles like legal, tech and HR for example are easier to transfer and apply to different industries.

But if you are say in a more, for example, specialized or niche role, like a credit analyst, the options are more limited and include Freddie or one of the Government regulatory agencies but who wants to go those places in this environment.

Capital One is probably good option and I think they are mostly hybrid and I think the dust is settling a bit from their acquisition of Discover.

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Post ID: @a7+1kzprc5yf

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