Wilmington, Delaware-based Navient Corporation, a major student loan servicer, has announced its plans to leave the industry.

Navient announced this week it entered a binding letter of intent to outsource servicing of privately held student loan portfolios and commercial loans in the Federal Family Education Loan program.

According to a company statement, “Navient has entered into a binding letter of intent that will transition its student loan servicing to MOHELA, a leading provider of student loan servicing for government and commercial enterprises. Navient and MOHELA will work toward ensuring a seamless transition in the coming months and providing customers with uninterrupted servicing of their loans. The outsourcing process will begin this year and last 18 to 24 months, but Navient will maintain ownership of the loans."

According to Navient President and CEO David Yowan, "The decision to outsource is intended to simplify our business, reduce our expense base, and increase our financial and operating flexibility. Over the longer term, we believe these actions will increase the value shareholders derive from our loan portfolios and the returns we can achieve on business-building investments.”

Employees involved with processing, servicing, and providing customer service are at risk as operations are transferred to MOHELA.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT NASDAQ

New York, New York-based Nasdaq, a premier stock trading exchange, has announced major organizational changes as it repositions itself as a technology firm and integrates recently acquired financial software provider Adenza into its business.

As with most acquisitions, Nasdaq will attempt to reduce redundancies, consolidate functions, and streamline operations.

The reorganization will impact several hundred employees as it combines Adenza's London, England, and New York, New York offices into existing Nasdaq facilities.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT MEDICA

Minnetonka, Minnesota-based Medica, a medical insurer offering coverage to employers, Medicare beneficiaries, and individuals on market health exchanges, has announced it has executed a 6% reduction in force.

The layoff impacted 162 employees.

According to a company statement, "We made the difficult decision to reduce our workforce to align our resources with business priorities. Our commitment to high-quality, affordable health care for our members includes how we staff our health plan to best deliver on this commitment. People are at the heart of our organization, and we are grateful for the contributions of our impacted employees and are supporting them with severance payments, outplacement services, and other benefits as they look for their next opportunity."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?