"Locally, this means a small number of managers will be departing the company and we thank them for their service. At the same time, we are continuing to hire in Delaware and across the company." Under the reorganization, Navient created two main business teams – an asset management team and servicing group and an asset recovery business services group – said Jack Remondi, Navient president and CEO during the company's second quarter earnings call. Navient also streamlined layers to improve speed of execution, efficiency and lines of responsibility, Remondi said during the call. Remondi also indicated Navient could be backing out of the private loan market. The company said in a Securities & Exchange Commission filing it will remove private education loan acquisitions from its guidance, but it would likely still acquire loans in 2016 and beyond. The world's largest student loan servicer, Navient employs 6,200 workers nationwide with 800 in Delaware.