More layoffs are coming this fall.
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"Following an in-depth business review conducted by the board and management, on Jan. 30, 2024, Navient announced strategic actions to simplify the company, reduce expense base and enhance flexibility."
"Outsource student loan servicing and create variable expense mode"
https://images.navient.com/Investors/shareholder/NAVI_Earnings_Presentation_2q2024_vf.pdf