According to the U.S. Department of Labor , companies are required to file a WARN notice if “there is to be a mass layoff which does not result from a plant closing, but which will result in an employment loss at the employment site during any 30-day period for 500 or more employees, or for 50-499 employees if they make up at least 33% of the employer’s active workforce.” While the number of affected employees is unknown, Fannie Mae Mae did release the following statement to HousingWire confirming the layoffs: “As a regular course of business, we, like all companies, assess our human capital needs and make adjustments as necessary to align with our business priorities.
