A major student loan provider, and Nebraska employer, announced plans to cut hundreds of workers. Nelnet said it’s will laying off 350 employees and firing another 210.The company said it hired the 350 workers within the last six months in anticipation of payments restarting again for federal loans. Nelnet said the other 210 workers were fired for “performance reasons.”The company said it’s trying to manage excess staff capacity due to delays in the student debt relief and repayment programs.”With the delay of federal student loan repayment through much of 2023, regrettably, it isn’t feasible to maintain increased staffing levels for work that will remain on hold for a significant amount of time,” Ben Kiser, Nelnet’s executive director of corporate communications, said.A 60-day working notification was given to employees whose performance wasn’t a factor.
A major student loan provider, and Nebraska employer, announced plans to cut hundreds of workers.
Nelnet said it’s will laying off 350 employees and firing another 210.
The company said it hired the 350 workers within the last six months in anticipation of payments restarting again for federal loans.
Nelnet said the other 210 workers were fired for “performance reasons.”
The company said it’s trying to manage excess staff capacity due to delays in the student debt relief and repayment programs.
“With the delay of federal student loan repayment through much of 2023, regrettably, it isn’t feasible to maintain increased staffing levels for work that will remain on hold for a significant amount of time,” Ben Kiser, Nelnet’s executive director of corporate communications, said.
A 60-day working notification was given to employees whose performance wasn’t a factor.
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