UPDATE: Despite recent lay-offs, MassMutual’s workforce has grown by 35 percent in the past five years and has about 300 open positions listed for hire.
SPRINGFIELD, Mass. (WWLP) – MassMutual Spokesman Jim Lacey sent 22News a statement late Tuesday afternoon that said the layoffs represent roughly two percent of their total workforce.
He said the layoffs were done in response to MassMutual’s acquisition of the MetLife Premier Client Group earlier this year.
The layoffs impact more than 10 offices, including the company’s headquarters on State Street.
Below is the entire statement from MassMutual regarding the layoffs:
Since MassMutual’s successful acquisition of the MetLife Premier Client Group earlier this year, we have been working to integrate our two organizations and, as is often the case when bringing together two similar, large organizations, have identified overlaps and redundancies in certain areas.
This has led to a reduction of a small percentage, approximately two percent, of our total workforce nationally. These difficult decisions were not made lightly and we are committed to providing support and respecting the privacy of those affected by the changes.
22News will continue to follow this story, and bring you the latest information, on-air and on WWLP.com, when it becomes available.