Freddie Mac

www.freddiemac.com
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There are newer employer reviews for Freddie Mac

 

Workload increase, decreased individual autonomy over the years

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - IT Associate in McLean, VA
Former Employee - IT Associate in McLean, VA

I worked at Freddie Mac full-time (more than 10 years)

Pros

Good salary, benefits, company cafeteria
Depends very much which area/team one is in.

Cons

Many newcomers to the company in recent years, eager to establish themselves at all costs.
People looking out for themselves more than for the organization/others.
Yearly re-org in IT in last few years, resulting in layoffs and employees being re-assigned to any open position.
Management turn-over resulting in change in focus/direction.

Doesn't Recommend

392 Other Employee Reviews for Freddie Mac (View Most Recent)

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  1. 2 people found this helpful  

    5 Years of Excellent Perfmnc Reviews; Coincidence that w/R.E. Crash, 20% RIF I Got 1 Year Poor Perfmnc, Forced Rtrmnt?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Systems Analyst I in McLean, VA
    Former Employee - Systems Analyst I in McLean, VA

    I worked at Freddie Mac full-time (more than 5 years)

    Pros

    It was Good for the IT Youth; back in 2000 when the world was collapsing around us elsewhere, FHLMC was a great place to solidify one's dB, SQL, and BI skills. Plus they had a defined benefit plan, matching 401(k), nice annual bonus, and other perks.

    Cons

    Now all that's gone - as of Jan. 2012, no more defined benefit plan for new employees, no more time-served accrual for current employees; 401(k) is getting worse and worse; annual bonuses aren't what they used to be. Bascially the only folks who work there are either oldtimers waiting for the clock to tick-out for their pensions to kick in, or contractors.

    Advice to ManagementAdvice

    Hand it over to TREAS sooner rather than later, and wave goodbye.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Worst experience of my career life

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technical Project Manager in McLean, VA
    Current Employee - Technical Project Manager in McLean, VA

    I have been working at Freddie Mac full-time (more than 3 years)

    Pros

    I cant think of any

    Cons

    Extremely political; sinking ship mentality; there is no benefits or reward for hard work....

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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