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. For more details, see the new edition of Inside The GSEs, available online Friday.
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