Freddie Mac Reviews | Glassdoor

Freddie Mac Reviews

Updated May 29, 2017
74 reviews

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Freddie Mac CEO Donald H. Layton
Donald H. Layton
31 Ratings

74 Employee Reviews

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Pros
Cons
  • Too much micro-managing and senior management keeps changing every 3 to 6 months (in 29 reviews)

  • Work/life balance can be compromised at times (in 11 reviews)

More Pros and Cons

  1. "FreddieMac is why watch dog agencies exist!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor in Reston, VA
    Former Contractor - Anonymous Contractor in Reston, VA
    Doesn't Recommend

    I worked at Freddie Mac as a contractor (Less than a year)

    Pros

    The HR department responds to concerns. Other than that - absolutely none.

    Cons

    Hostile environment fueled by the most incompetent "managment" I've ever seen. Managment seems to only hire on employees for full-time if you share their country of origin. The environment is lacking diversity in positions of power and it's clear there is favoritism and unethical practices going on. The Reston office is a gold mine for any watch dog agencies that take concern with abuse of minority "privilege".

    Advice to Management

    Hire competent managment. Seek out unprofessional relationships.


  2. Helpful (1)

    "IT Infrastructure Team/Messaging"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor in Reston, VA
    Former Contractor - Anonymous Contractor in Reston, VA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Freddie Mac as a contractor (Less than a year)

    Pros

    Sorry I just cannot think of any pros to work at Freddie Mac....perhaps if you live close to there the commute is great.

    Cons

    Chaotic work environment. Manager pressures IT workers.
    There is no team spirit at all.
    High turnover rate.

    Advice to Management

    I do not think it is managements fault. If I were to give advice to management is to let IT workers handle the work and please stand up and push back on other depts.


  3. Helpful (1)

    "Project Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Tyson's Corner, Fairfax, VA
    Former Employee - Project Manager in Tyson's Corner, Fairfax, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good pay and benefits. May qualify for incentive.

    Cons

    These people are fanatical about pushing the GLBT lifestyle on their workers. It is constant and in your face. Freddie Mac IS NOT a CHRISTIAN FRIENDLY atmosphere and if you do go to work there, expect to be constantly insulted and marginalized if you are a Christian.

    Advice to Management

    Start valuing Christians and stop constantly disrespecting and marginalizing them.


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  5. "Messaging Engineer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor in Reston, VA
    Former Contractor - Anonymous Contractor in Reston, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Freddie Mac as a contractor (More than a year)

    Pros

    The pay seems to be on par within the industry but this also depends on what you negotiate with your contracting company.

    Cons

    Management in the IT department cannot agree on a clear goal or initiative and are not interested in outside opinions. If you are a contractor you will be reminded very often that you are simply there to to fulfill a short term requirement. They will ask you to work weekends on short notice (Friday) and get angry if you have previous plans. The infighting among the actually employees is the some of the worst I have seen. The managers clearly are only interested at what it takes to get the next promotion.

    For the full time staff they basically promote from within or hire people out of college. There isn't much in between, this is clearly designed to benefit the employees that have been there a long time. The young employees leave as soon as they get a few years of experience.

    Advice to Management

    Management really needs to focus on clear objectives instead of just appeasing whoever it is they want to impress to get the next promotion.

    A little respect would go a long way with the contractors. They are treated like second class citizens.


  6. Helpful (3)

    "Welcome to Agile Dystopian Hell"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Development Manager in Tyson's Corner, Fairfax, VA
    Current Employee - Software Development Manager in Tyson's Corner, Fairfax, VA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Freddie Mac full-time (More than 8 years)

    Pros

    They pay you consistently and check has never bounced.
    They have covered parking for full time employees.
    No worry about working in a cubicle, you get part of a table in open office, no windows, no working phone, and no need for personal photos. you are in an sterile area void of human emotion.

    Cons

    Firm is trying to use Agile methodology. But impossible with the bureaucracy that permeates this dystopian hell. Imagine sitting at a table crammed with other people, no space to put your elbows, constant interruptions.

    Every enhancement will be designed by committee. Favor processes over individuals, favor documentation over working software. sound familiar?

    and by the way, your testers are outsourced, imported from other countries, and temporarily placed in 4 different cities in US, your deployments are manual and go through multiple tickets and multiple layers of outsourced workers. Thank you TCS and Cognizant.

    and you get to work at least 1 weekend a month, for 12 to 18 hour deployments on the weekend, no sleep necessary.

    and their theory of devops is developers can be called for prod support 24 by 7. don't even think about bothering a project manager.

    this is the new Agile approach.

    Advice to Management

    you are selling insurance in a market with 2 companies and your securities are completely 100% backed by the taxpayer. there is no genius in making money in this market.

    You could fire half the team from senior director to project manager and the IT group would not skip a beat. it would actually get more efficient and effective.


  7. Helpful (2)

    "Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Tysons Corner, VA
    Current Employee - Anonymous Employee in Tysons Corner, VA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Semi-government with reasonable work life balances. Big company will allow you to built up your connection with different people in the company

    Cons

    No way to move up unless you have strong connections within the top ones. The company has more politics than ever. People are not motivated and the moral is low.


  8. Helpful (10)

    "Down in the gutter"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in Tyson's Corner, Fairfax, VA
    Current Employee - Project Manager in Tyson's Corner, Fairfax, VA
    Doesn't Recommend
    Neutral Outlook

    I have been working at Freddie Mac full-time (More than 8 years)

    Pros

    Work locations (NATIONWIDE)
    Good cafeteria
    Covered Parking. Fills up by 9:00 tuesday to thursday.

    Cons

    All of IT is H1B. TCS, Cognizant, Hexaware, Infosys. All of them Indian. We cannot hire US citizens, we have to use pre-approved body shops and all they send us are cheap H1Bs.

    Advice to Management

    Hire some college graduates from american universities.

    Maybe leave your office and visit the floors where people have 24 inches of space. I find it ironic that I am sent to culture training sessions that give me handouts to keep yet when I get back to my agile location (there is no desk), I have no where to save anything and it all goes into the trash.


  9. Helpful (1)

    "Strategic Procurement Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in McLean, VA
    Former Employee - Anonymous Employee in McLean, VA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Most of the people are great, well educated but under employed.

    Cons

    Management is poor and partial to some individuals
    Procurement deals authorized by senior management are a gross waste of tax paying dollars
    Environment has a lot of non public communication
    A non trusting environment

    Advice to Management

    Trust your people
    Get rid of backstabbing people
    Encourage change
    Fix what doesn't work


  10. Helpful (2)

    "Too much politics and poor management leadership"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Modeler in McLean, VA
    Current Employee - Modeler in McLean, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Freddie Mac full-time

    Pros

    Decent pay and relatively good life work balance

    Cons

    Too much politics and management team can not provide enough trust and growth opportunities to their hires.


  11. Helpful (7)

    "Dead end it job and black stain on resume"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technical Lead in Tyson's Corner, Fairfax, VA
    Current Employee - Technical Lead in Tyson's Corner, Fairfax, VA
    Doesn't Recommend
    Positive Outlook

    I have been working at Freddie Mac full-time

    Pros

    Freddie Mac is stable and making money. CEO is focused and getting rid of people and replacing with variable coats or contractors

    Cons

    Freddie Mac is a dead end job for anyone with focus on technology it is run by generic project managers. If you do work you are looked down at. There is an entire class of employees that do nothing productive. They manage other people and other managers. Their idea of a productive day is reviewing email and contacting developers to see if they have completed their tasks. No designs. No code. No tests. No analysis. Just monitoring other people.

    Unless you are a project manager or desperate for work. Find somewhere else

    Advice to Management

    Can the vps actually review the work their people are doing? They seem clueless about what people actually do


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