OCTOBER 23, 2020 — 82 LAYOFFS IN ENFIELD, CONNECTICUT
The company has announced that it will be laying off 82 employees from its Enfield, Connecticut office. The decision was driven by sale of its retirement plans business. Layoffs are scheduled between December 21,2020, and January 4, 2021.
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Springfield, Massachusetts-based Massachusetts Mutual Life Insurance Company (MassMutual) is continuing its restructuring to consolidate its operations. The consolidation effort will result in the permanent closure of its Ballantyne office located in Charlotte, North Carolina and result in the layoff of 164 employees, mostly call center and support functions. This should not come as a surprise to employees as the company revealed its consolidation plans last year and indicating that it would be moving its Charlotte employees to other company offices in Springfield, Massachusetts or Boston, Massachusetts.
At that time, MassMutual president and CEO Roger Crandall noted, “Following a thorough strategic assessment of our operations and footprint, we concluded that our home state of Massachusetts is the best place for us to grow and thrive over the long term. We have deep roots and a supportive community in our hometown of Springfield, and we will continue to invest and grow our workforce in the city. At the same time, as we evolve, a stronger Boston presence immerses us in a booming financial and digital economy and provides us with an enhanced opportunity to recruit innovators from the area’s deep and diverse talent pool.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere ... are you now wondering, Am I Next?