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Home » Store » News » Freddie Workers Face Layoffs; CEO Actions Clarified

Freddie Workers Face Layoffs; CEO Actions Clarified

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Freddie Mac officials are still looking to streamline operations at the GSE by excising redundant activities and shedding unneeded workers. A spokeswoman for Freddie confirmed last week that there have been about a hundred layoffs since the firm imploded due to an accounting scandal in 2003. One of the more recent rounds of firings came last month, the GSE official confirmed, but these layoffs should be considered in light of the total 5,200 full-time staffers…
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