I know some departments are hiring, but I've heard there still might be some cuts elsewhere?
Topics regarding layoffs at MassMutual
There was a reorganization yesterday with some associated layoffs. No numbers yet. This was in the Enterprise Technology group (ETX).
For those who missed it: MassMutual laid off workers Tuesday as part of a reorganization of its Workplace Solutions retirement plan business, spokeswoman Laura Crisco said... — read more
Which exec is accountable for this? No need of names - just generic titles.
How about keep people that actually do the work and know what they're doing instead of those that are just getting by because they are complacent. I couldn't agree with this more! Wrong people are being laid off, and that's further destroying the... — read more
Layoffs have started again... from areas where there is no fat to cut...
Crapgemini has teams in to replicate processes to bring the jobs to India.
There you go, as many predicted: http://www.masslive.com/business-news/index.ssf/2017/04/massmutual_announces_layoffs_in_springfi.html
About 350 people will be laid off, we have about 7000 people, so that's 5% of the total workforce. All of this is happening while we are making so much money that it's crazy. it might be time to think again about the multiple jets, 2 helicopters... — read more
What pains me is that the company I used to work for did a good amount of their revenue on outsourcing govt contracts, from local to fed which still goes on today. Your tax dollars are paying for projects done overseas and often for shoddy work. And... — read more
Know that being laid off very seldom is a reflection on your work. More often being laid off is because you are an "expensive" employee, or at least more expensive than the people who aren't laid off with you (they may be laid off later, though)
I'm a former employee of MassMutual. I left there almost two years ago. It was after they rolled out the MMway and turned every job there I to a mind numbing bureaucratic nightmare. Life after MM is great, you will see. It is just a shame what has... — read more
Not sure if I care about layoffs at this point in time – seriously, just drop it on me. Our compensation is below market, my compensation is below median salary even after ten years employment, not good. MMWay is crushing our spirit, one day at the... — read more
Nobody is talking about this but this was a big setback for workers at MassMutual on 1/1/2016 they decided to stop paying for providing health insurance and prescription drug subsidies to all of us retirees and our dependents - we will be getting a... — read more
Post what you know here under this rumor / news post
WHAT DO YOU THINK?
New set of layoffs coming - unfortunate! Why would they do this to us when it is record unemployment? They could've done it like Tesla/Google - to cut pay and keep everyone.
Enfield expects ripple effect when MassMutual cuts 82 local jobs The MassMutual layoffs are due to the sale of its retirement plans business, the company says in a notice provided to the state. In the letter filed this week with... — read more
And I should have. I didn't think we are better than other companies in our industry that have been having major layoffs all along since the pandemic started, but it still caught me by surprise. I should have been better prepared. For those... — read more
Accross the org, HQ in Springfield and Enfield. IT was automating things, so some processors got affected (my son in law was one of them).
I know there are people in Phoenix being laid off as well. People that were transferred out there, packed up their whole lives and family and then we're laid off mere months later. Obviously I don't have all the details but unless it was performance... — read more
We laid off 300 people in February. Will job cuts at MassMutual ever going to stop? It's unlikely.
IT layoffs at insurance firm are a 'never-ending funeral' http://www.computerworld.com/article/3077302/it-careers/it-layoffs-at-insurance-firm-are-a-never-ending-funeral.html The IT layoffs at MassMutual Financial Group will happen over a period of... — read more
Not much chatter here about this week's layoffs. Still, I'm hoping somebody here might know if it's over or if we can expect more of the same next week. I hate reorganizations. Nobody is safe for as long as there is one going on. I'd appreciate any... — read more