Bad news for employees of this company, over 700 sacked due to…, not Narayana Murthy’s Infosys, Ratan Tata’s TCS, company is…, Indians are…

In a major development, U.S. federal mortgage giant Fannie Mae has reportedly laid off nearly 700 employees over the past two days, triggering fresh scrutiny of prominent Telugu organizations operating in the country. According to internal TOI report citing sources, while approximately 200 layoffs were anticipated as part of an ongoing organizational restructuring, a majority of these terminations mostly involving Telugu origin employees were linked to alleged ethical violations.

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