Student Loan Corporation, a company providing both government sponsored and private education loans, will cut 91 positions in a restructuring move aimed to cut costs.

Sixty-nine of the positions will be at Student Loan Corp. and 22 will be at Citibank N.A. That provides support to the company.

The company added that the majority of the positions will be eliminated this month.

Human resources counseling, severance, and other benefits will be provided to those affected.

The announcement comes on the heels of news that 533,000 jobs were lost in November, the most in 34 years.

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