American company sacks 700, of these 200 in 'donation scam' related to Telugu organisations; similar to firing at Apple
Fannie Mae laid off 700 employees, with about 200 terminations, primarily of Telugu origin, due to ethical violations related to the misuse of the 'matching grants program'. Employees allegedly colluded with non-profits like TANA, mirroring a similar scam at Apple where employees were fired for exploiting the company's charitable donation matching program.
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