Thread regarding Navient layoffs

Hit the road Jack...

Oh, this is good...well, not good...
There are job openings at Maximus for $10 an hour...

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Navient shares down 22.5 percent YTD. Jack hoping to improve NAVI image now that they have handed off their federal student loan servicing biz to Maximus (MMS)--the DC area social welfare profiteers. NAVI also reduced their labor costs by getting rid of 900 or so employees working on those student loans. What's left? Private loan servicing and a ton of private loans to sell off as SLABS. How good are those private loans? Well they have been selling like hotcakes to institutional investors...tasty hotcakes laden with Hep A.

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