Sallie Mae Job Cuts

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Sallie Mae Job Cuts

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Posted: 3:53 PM Mar 28, 2008
Last Updated: 2:27 PM Mar 31, 2008

3 comments

50 Jobs

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These tough economic times got tougher today for 50 Bay Countians when they lost their jobs.

Sallie Mae, one of the county’s largest employers, confirmed the layoff of 50 workers, effective Friday.

That leaves the Lynn Haven company, which handles student loans, with 876 employees. Sallie Mae spokeswoman said those being laid off are receiving severance pay and assistance with finding new employment.

The company had a smaller cutback in January, and announced it would be looking for ways to cut costs.

Sallie Mae had added more than 200 employees over the past seven years before having to make the cuts.

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Posted by: Gale Location: North Carolina on Apr 11, 2008 at 09:05 PM
Sallie mae lays off almost all their sales staff and VP's due to changes in Fin. Aid lending practices set forth by Government regulations. Effective Thursday, April 11, 2008. 100's lose their jobs across the country.

Posted by: Billy Location: Springfield on Mar 31, 2008 at 10:36 AM
Welcome to scrupulous employers of Bay County!!Trane has just laid off a bunch of temp employees also.Kinda sad when some employers lay off people before they are elgible for unemployment benefits.Common practice in Panama City.

Posted by: juan Location: destin on Mar 28, 2008 at 07:57 PM
hold on for more

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