Fannie Mae and Citibank Report 64 Job Cuts in Financials

Fannie Mae and Citibank report workforce reductions in Financials (Aug. 28–29, 2026)

Fannie Mae and Citibank recorded recent layoffs in the Financials sector during the August 28–29, 2026 period, affecting a combined 64 employees across U.S. operations.

Reported layoffs

• Fannie Mae carried out a round of job cuts that affected about 12 employees at its Washington, D.C. office, according to reporting by RealEstateNews.com, HousingWire and The Atlantic. The outlets said the reductions included some leadership positions and cited a social-media post by Federal Housing Finance Agency Director Bill Pulte linking the changes to technology-driven adjustments in processes and personnel, per The Atlantic.

• Citibank recorded a WARN filing with state regulators showing a layoff of 52 employees, the filing reported. The WARN notice is dated October 28, 2025, and was included among filings cited for this period.

Timing and sources

The Fannie Mae cuts were reported by RealEstateNews.com, HousingWire and The Atlantic; those outlets placed the latest actions in the context of prior workforce changes at the government-sponsored enterprises. The Citibank figure is drawn from a WARN filing with state regulators.

Recap

Combined, the two reported actions account for 64 job cuts in the Financials sector during the August 28–29, 2026 window, based on media reports and a state WARN filing. No additional details on severance, redeployment or broader workforce impacts were provided in the source records.