Reports: Fannie Mae lays off 700 employees
Housing Wire
APRIL 7, 2025
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
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