Livermore, California-based Performant Recovery, a debt recovery service for government agencies and commercial accounts, has announced that it will be laying off 91 employees, including 31 previously furloughed employees, located in Grants Pass, Oregon. The layoffs are scheduled to occurr between between April 25, 2021 and May 7, 2021.
The decision appears to be driven by the consequences of the COVID-19 pandemic and changes in the federal student loan processing requirements.
According to a company spokesperson, “Numerous changes brought about by the COVID-19 global pandemic, together with recent government decisions regarding federal student loan processing, have significantly impacted our recovery business, resulting in these employment changes. While-we are actively exploring strategic options that may provide continued work opportunities for some employees, we cannot guarantee that these opportunities will materialize.
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. 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?