ARYA Posted April 10 Report Posted April 10 Reports: Fannie Mae lays off 700 employees The layoffs were reportedly targeted at employees who allegedly ‘misused’ the company’s matching grants program designed to expand the impact of charitable donations April 7, 2025, 3:35 pm By Chris Clow Government-sponsored enterprise (GSE) Fannie Mae has reportedly laid off as many as 700 employees, with 200 of the layoffs focused on members of the Telugu-speaking community over “irregularities” uncovered related to charitable donations. According to reports from outlets including TechStory, HRKatha and the Times of India, 700 U.S.-based employees were fired within the first few days of April, including 200 workers who speak the Telugu language, which is primarily spoken in the Indian states of Andhra Pradesh and Telangana. The reports cite an announcement from the company claiming that the layoffs occurred due to ethical violations stemming from Fannie Mae’s “matching gifts program,” which the company previously described as a method for employees to “double the financial impact of their eligible donations through our matching gifts program up to a maximum of $5,000 annually.” No official, public-facing announcements concerning the layoffs have been posted to Fannie Mae’s website, nor were any press releases distributed to the media about the move. But the prior reporting states that following an internal investigation, Fannie Mae determined that the matching gifts program was being used inappropriately by the employees it dismissed. Some 400 of the firings took place on April 3 with an additional 300 happening the next day, the reports said, with Fannie Mae reportedly stating “that these actions were necessary to address irregularities uncovered in its internal investigations. The company emphasized its commitment to ethical practices and accountability, highlighting the importance of maintaining trust within its operations,” according to the TechStory report. The Times of India added that that “some employees are alleged to have colluded with non-profit organizations like Telugu Association of North America (TANA) to deceive companies.” HousingWire reached out to representatives of both the Federal Housing Finance Agency (FHFA) and Fannie Mae for additional details, but did not receive an immediate response. FHFA Director Bill Pulte has made a series of sweeping changes to the GSEs since being confirmed for his role by the Senate. In mid-March, Pulte removed several members of the boards of directors at both Fannie Mae and Freddie Mac, installing himself as board chair of both companies. Pulte has also alluded to undertaking holistic reviews of remote work policies and payment schedules, but also revealed that he would not move to cut conforming loan limits at either of the GSEs. Democratic senators have also recently questioned the legality of his moves at both FHFA and the GSEs. Quote
ARYA Posted April 10 Author Report Posted April 10 the layoff tracker highlights this... people/filthy caste affiliated pigs who are a part of this scam...shame on you guys...hope your parents fed you filth everyday while growing up... 1 1 Quote
Sucker Posted April 10 Report Posted April 10 Idhi ayyaka jail time vuntadhi anna. Fed jobs tho never play here in USA Quote
Popular Post Raja_Returns Posted April 10 Popular Post Report Posted April 10 ame chillar gallu unaru ra e fraud chusina telugu or gujju galle untunaru list lo 2 4 Quote
ARYA Posted April 10 Author Report Posted April 10 1 minute ago, Sucker said: Idhi ayyaka jail time vuntadhi anna. Fed jobs tho never play here in USA they should rot in jail...pieces of crap...oka group lo bathiki ade group penta chesi...nuvvu entha penta gadivo ardam kani stage ki veltunaru anna vellu...donation lu scam cheyyatam endi anna thu... Quote
ARYA Posted April 10 Author Report Posted April 10 Just now, Raja_Returns said: ame chillar gallu unaru ra e fraud chusina telugu or gujju galle untunaru list lo okko kadiki 10 - 20 yrs velliyali thata jail la chillar edavalu 1 Quote
ARYA Posted April 10 Author Report Posted April 10 1 minute ago, CanadianMalodu said: gattiga pettali vuncle vellaki Quote
Sucker Posted April 10 Report Posted April 10 6 minutes ago, ARYA said: they should rot in jail...pieces of crap...oka group lo bathiki ade group penta chesi...nuvvu entha penta gadivo ardam kani stage ki veltunaru anna vellu...donation lu scam cheyyatam endi anna thu... Motham scrap ne anna. Manchi culture thendi ra ante caste ee donations favorism car rally lu hawla poyi Ind politics lo pettadam pattakocharu. reset avasaram anna immigration matter la nuv anukunna feel avvanu but spine lo chill ivvali andariki Trump vachadu ani ledhu ante inka archakalu full 2 Quote
desiboys Posted April 10 Report Posted April 10 11 minutes ago, Sucker said: Idhi ayyaka jail time vuntadhi anna. Fed jobs tho never play here in USA thinnadi antha kakkistaaru. fine in million $ and jail time Quote
ARYA Posted April 10 Author Report Posted April 10 5 minutes ago, Sucker said: Motham scrap ne anna. Manchi culture thendi ra ante caste ee donations favorism car rally lu hawla poyi Ind politics lo pettadam pattakocharu. reset avasaram anna immigration matter la nuv anukunna feel avvanu but spine lo chill ivvali andariki Trump vachadu ani ledhu ante inka archakalu full vallaki telisina culture : caste, favorism, car rally Quote
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