Daily News

MassMutual Laying Off 5% of Area Workforce

SPRINGFIELD — MassMutual Financial Group is in the process of laying off 5% of its 7,200-employee workforce in Springfield and Enfield, or about 360 lost jobs, the Republican reported today.

The jobs cuts are across the board, company spokesman James Lacey said in a statement.

“MassMutual routinely and carefully examines all of its operations to ensure we are focused on activities that effectively and efficiently deliver the greatest value to our policyowners and customers,” he noted. “At times, this means making decisions that impact our staffing levels, and when they do, we are committed to a thoughtful and respectful process.”