Nelnet bringing jobs to Omaha

[iamjacobm]

http://journalstar.com/business/local/n ... bc38a.html

Nelnet will expand its operations to Omaha with 250 jobs to support its student loan servicing business. The 25,000 square-feet office at Westwood Plaza, 2840 S. 123rd Court, will be ready for associates early this fall, the company said.

These are not jobs lost to Lincoln, where Nelnet's headquarters is, but are in addition to growth predicted for Lincoln operations months ago, said Ben Kiser, spokesman for the higher education finance company.

"We've hired hundreds in Lincoln over the past couple of years, 250 since the end of May and are continuing to hire in Lincoln," Kiser said. "So these are different positions."

There are a number of reasons Nelnet is hiring in Omaha, he said.  "We've hired significant numbers in Lincoln, and in Omaha this gives us an opportunity to hire other talented people in Nebraska," Kiser said.  "It gives us redundancy, by having multiple locations, which is important, if for some reason one was down for a period of time  for a (technology) failure or whatever it might be.  A weather incident."

[ThatGuy]

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[ita]

Lincoln-based Nelnet to layoff 350 newly hired workers

Lincoln-based company Nelnet has announced the layoffs of 350 newly hired workers.

On Wednesday the company announced the need to manage ‘excess staff capacity’ due to delays in the government’s student debt relief and return to payment programs.

Approximately 350 associates who were hired within the last six months will be laid off and approximately 210 associates will be terminated for performance reasons in the company’s Nelnet Diversified Services (NDS) division, according to Nelnet.

Ben Kiser, Nelnet’s Executive Director with Corporate Communications, said Nelnet has not disclosed how many associates were impacted by location, though he said most of the impacted associates are from outside Nebraska.

[ChadJK]

Approximately 350 associates who were hired within the last six months will be laid off and approximately 210 associates will be terminated for performance reasons...

So, 560 total? 210 for performance reasons sounds harsh. Some employers have performance mins that are chiseled in stone and, if not met, result in termination. No "case-by-case" basis allowed. However, 210 at once seems abnormal. I'm guessing they decided how many needed to go, ranked everyone from best to worst by whatever performance/production metric they use, drew a line, and then fired everyone below it.

[ita]

Approximately 350 associates who were hired within the last six months will be laid off and approximately 210 associates will be terminated for performance reasons...

So, 560 total? 210 for performance reasons sounds harsh. Some employers have performance mins that are chiseled in stone and, if not met, result in termination. No "case-by-case" basis allowed. However, 210 at once seems abnormal. I'm guessing they decided how many needed to go, ranked everyone from best to worst by whatever performance/production metric they use, drew a line, and then fired everyone below it.

Yeah, that's how I interpreted it. It's a relatively small chunk of their workforce, but still unfortunate for those who lost jobs. It sounds like they hired a bunch to help once student loan paybacks came online again after the loan forgiveness program was set up, but the litigation helped spurred by Nebraska's own AG, resulted in further delay.

[Coyote]

Nelnet, student loan services says its dropping more than 500 employees

LINCOLN, Neb. — 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.