A major student loan provider, with Nebraska employers, has announced plans to cut hundreds of jobs. Nelnet said it would lay off 350 workers and lay off another 210. The company said it had hired 350 workers in the past six months in hopes of restarting loan payments. the federal. Nelnet said another 210 employees were laid off for “performance reasons.” The company says it is trying to manage more staff due to late student loan repayments and program repayments.” Unfortunately, the increase cannot be sustained. employees for jobs that will be held back for a long time,” said Ben Kiser, Nelnet’s chief communications officer. performance is not part of it.
A major student loan provider, with Nebraska employers, has announced plans to cut hundreds of jobs.
Nelnet said 350 workers will be laid off and another 210 will be laid off.
The company said it has hired 350 workers in the past six months in hopes of restarting federal loan payments.
Nelnet said another 210 employees were fired for “performance reasons.”
The company said it is trying to manage more workers because of delays in student loan repayment and repayment programs.
“With federal student loan repayments delayed through most of 2023, unfortunately, we cannot sustain the increase in the workforce for jobs that will remain for a long time,” Ben Kiser, Nelnet’s director of corporate communications. , said.
A 60-day notice was issued to employees whose performance was not appreciated.