MassMutual lays off more employees in its Massachusetts and Connecticut offices
Massachusetts Mutual Life Insurance Co. made another round of job cuts this week in its Connecticut and Massachusetts offices, a spokesman said.
Massachusetts Mutual Life Insurance Co. made another round of job cuts this week in its Connecticut and Massachusetts offices, a spokesman said.
Taking into account the previous round of layoffs in April, in which about 118 employees lost their jobs, the latest reduction brings the total number of cuts to about 300 positions, or 5% of the company’s work force.
Prior to the latest job cuts, the insurer had about 6,100 employees.
The cuts are part of the Springfield-based company’s initiative to streamline its operations, and the insurer expects to continue reducing its head count through the end of the year, according to a statement from spokesman Mark Cybulski.
The most recent cuts eliminated positions in MassMutual’s Springfield and Enfield, Conn., offices, according to the statement.
Employees across all departments were affected, Mr. Cybulski said.
Including the layoffs that have already occurred, the carrier expects to have reduced its work force by a total of 4% to 8% by the end of the year, according to the statement.
Learn more about reprints and licensing for this article.
