Navient Solutions has announced plans to lay off up to 128 employees tied to its Fishers, Ind. office, according to a WARN notice filed on August 4,. While the layoffs are permanent and span from October through next June, they do not involve closing the facility. The affected workers are primarily remote, but report through Indiana-based management, with roughly two-thirds residing in the state and the rest scattered elsewhere.
The phased separations begin in October, followed by rounds in January, March, May, and June 2026. Navient attributes the cuts to its strategic transformation initiative launched in January 2024, which aims to streamline operations amid evolving market pressures. A company spokesperson emphasized support for impacted employees, including severance packages and transition resources. No union representation or bumping rights apply, per the notice.
“We recognize the impact these difficult decisions have on employees and will provide severance benefits and resources to assist them during their transition,” the spokesperson said in a published report.
Headquartered in Herndon, Va., Navient spun off from Sallie Mae in 2014. A September 2024 settlement with the Consumer Financial Protection Bureau led to its exit from federal student loan servicing, shifting focus toward private education loans, refinancing, and other financial services. The Fishers office is one of five maintained by Navient across the United States.
Companies are required to provide at least 60 days notice when closing a facility or otherwise undertaking “mass” layoffs. Companies are not required to provide a reason for the decision.
