Declining - Anonymous- Salaried Staff Navient Employee Review

Since the new CEO took over in a hostile takeover, the company has been declining. Navient made the decision to outsource its student loan processing and to sell off all of the other lines of business besides student loans. The old CEO was trying to diversify because Navient has a severely shrinking student loan portfolio which will not be around in ten years. Basically, management is managing a severely shrinking business and there will be a lot of job loss over the next years. The business outlook is extremely poor.