Fannie Mae-No Politics (FNMA)

[navycmdr]

700 Freddie Workers Sign Up for ‘Golden Handshake’



February 13, 2020 - Paul Muolo - [e-mail]



Roughly 700 full-timers at Freddie Mac have agreed to an employee buyout offer, with a separation date of March 31, according to disclosure in the company’s new 10-K filing with the Securities and Exchange Commission.

Terms were not disclosed. One source familiar with the matter said 1,800 workers were presented with early-departure offers late last year.

At the end of January, Freddie employed 6,871 full-timers and 41 part-time workers, according to the new disclosure.

The company is trying to slim down its workforce as it prepares to issue a new class of stock. Over the past year or so, Fannie Mae has offered employee buyouts as well.