Freddie Mac - Overall, my experience with Freddie Mac was positive. | Glassdoor
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There are newer employer reviews for Freddie Mac

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Helpful (1)

"Overall, my experience with Freddie Mac was positive."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Business Projects Director in McLean, VA
Former Employee - Business Projects Director in McLean, VA
No opinion of CEO

Pros

Some of the best reasons to work at Freddie Mac included the opportunities to work in different job functions, receive training, develop professionally. The benefits package included tuition reimbursement that I applied toward earning a graduate degree.

Cons

Sr. Management made some very bad decisions during the last decade that severely damaged the credibility, reputation, and financial standing of the enterprise. Subsequent layoffs were poorly planned and executed.

Advice to Management

Remember your core values when making risk-based decisions. Be aware that workers will be less inclined to share and collaborate if they feel they are in competition with one-another to keep their jobs.
Annual waves of layoffs mean that your best skills will leave on their own. Plan better; stop the practice of chipping away. No one ever knows when it is over.

Other Employee Reviews for Freddie Mac

  1. Helpful (1)

    "Satisfactory"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in McLean, VA
    Current Employee - Anonymous Employee in McLean, VA
    Approves of CEO

    Pros

    There is Work and life balance. Company provides Career opportunities and growth.
    Hardworking and talented employees. Employment benefits are attractive

    Cons

    Limited training opportunities are available to the employees.
    Information Technology is lagging behind in software versions etc.
    Job roles are very rigid and difficult to move from a job family to another.

    Advice to Management

    Current leadership is very transparent and communicates promptly and honestly about issues and company updates. They are cognizant of the weaknesses and areas that need improvement.


  2. Helpful (3)

    "Conservatorship has created a cautious atmosphere that constrains collaboration"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Project Director in McLean, VA
    Former Employee - Business Project Director in McLean, VA
    Doesn't Recommend
    No opinion of CEO

    Pros

    Freddie Mac has fairly competitive benefits including 401K, health, dental, vision and good mid-career vacation. The company sponsors diversity and inclusion programs and it encourages volunteerism through the Freddie Mac Foundation.

    Cons

    Actions to control costs through waves of annual layoffs have adversely impacted morale and eroded employee commitment and engagement.

    Advice to Management

    Last June, the company laid off an entire organization, from VP all the way down to junior analysts, including its entire six-sigma/process improvement group. Now (Feb 2012) it is announcing new hiring plans. Senior management might save money and improve employee morale and commitment if it slowed down and looked more carefully at its long term plans.

There are newer employer reviews for Freddie Mac
There are newer employer reviews for Freddie Mac

See Most Recent

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