The Deal
Saturday, November 21, 
11:48 am

Finance Layoffs: MassMutual lays off 58

  Share     E-Mail    Discussion (1)     Print Story
pinkslips_transparent_125x100.gifThe good news is that layoffs are slowing down. The Labor Department said the number of layoffs "fell by 221 from the prior month to 2,712 on a seasonally adjusted basis." Employers slashed 539,000 jobs in April, according to Reuters.

The bad news is that some staff over at MassMutual Financial Group won't be too happy during this weekend's Memorial Day festivities. The Springfield, Mass.-based insurer laid off 58 employees Wednesday from its retirement income business, according to The Republican, a Springfield newspaper.

For a roundup of all the announced layoffs to date, check out The Deal's Pink Slips on Wall Street Dealwatch or any of the links below. Also, feel free to leave us any layoff or hiring rumors you are hearing. - Maria Woehr

(Follow me on twitter or send me tips: @newsgirlmw)

Also see:
Finance Layoffs: Capital One and more
Finance Layoffs: Lloyds, ABN Amro and more
Finance Layoffs: AmEx, Genworth and more
Finance Layoffs: Sovereign and BlackRock
Finance Layoffs: J.P. Morgan and others
Finance Layoffs: MassMutual, ING and more
Law Layoffs: Day Pitney, Willkie Farr and more
Finance Layoffs: Principal Financial and Citizens Bank
Finance Layoffs: AIG and Westpac Banking
Finance Layoffs: Capital One, PNC and J.P. Morgan
Finance Layoffs: Wells Fargo, GE Money and more
Finance Layoffs: IndyMac and more
Finance Layoffs: Santander's Sovereign and more
Finance Layoffs: Sovereign, Lloyds and more
Finance Layoffs: Bank of Montreal and more
Finance Layoffs: BearingPoint and more
Finance Layoffs: Deutsche Bank, BofA and more
Finance Layoffs: Amex, HSBC, Legg Mason and more
Finance Layoffs: HSBC, Nomura and more
Finance Layoffs: Wells Fargo cuts 150 i-bankers
Finance Layoffs: Lloyds, BofA, Capital One and more

Finance Layoffs: UBS, T. Rowe and Sovereign

Finance Layoffs: HSBC, Downey Savings and more
Finance Layoffs: J.P. Morgan, MassMutual and more
Finance Layoffs: UBS, Hypo and more
Finance Layoffs: Wells Fargo, Citi and more
Finance Layoffs: UBS and MassMutual
Finance Layoffs: UBS and J.P. Morgan
Finance Layoffs: UBS, HSBC and more
Finance Layoffs: AIG, Nat City and J.P. Morgan
Finance Layoffs: Citizens, J.P. Morgan and more
Finance Layoffs: RBS, BofA and HSBC
Finance Layoffs: Law firm pink slips
Finance Layoffs: RBS, Unitas Capital and more
Finance Layoffs: Swiss Re, BofA and more
Finance Layoffs: UBS, J.P. Morgan and more
Finance Layoffs: Societe Generale, BoA and more
Finance Layoffs: Wells Fargo, HSBC and more
Finance Layoffs: UBS and Mitsubishi
Finance Layoffs: Stanford Financial, Pacific Capital and more
Finance Layoffs: UBS to cut 5,000
Finance Layoffs: BofA, Regions, Fidelity and more
Finance Layoffs: Stanford Financial and more

Finance Layoffs: Stanford Financial, BofA and more
Finance Layoffs: Wells Fargo, HSBC and more
Finance Layoffs: Berkshire Hathaway and more
Finance Layoffs: Barclays, BofA and more
Layoff Watch: Morgan Stanley, DLA Piper and more
Finance Layoffs: UBS, Bank of America and more
Finance Layoffs: State Street, BofA and more
Finance Layoffs: Goldman, Morgan Stanley, BofA and more
Finance Layoffs: Northern Trust, First National Bank and others
Finance Layoffs: BofA, Comerica, State Street and more
Finance Layoffs: Cerberus, BofA, J.P. Morgan and more

Finance Layoffs: Wells Fargo, BOA, Barclays and more
Finance Layoffs: Bank of America, Fidelity, Carlyle and more
Pink slips on Wall Street
Finance Layoffs: Barclays, Sun Capital, Wells Fargo and more
Finance Layoffs: Barclays, Citadel, Bank of America and more
Finance Layoffs: Schwab, BOA, Northern Trust and more
Finance Layoffs: BlackRock, BOA, Blackstone and more
Finance Layoffs: UBS, Citadel, GE Antares and more
Bank Layoffs: Credit Suisse, State Street, Carlyle and more

Merrill Grinch: Layoffs and other bad tidings before Christmas

Bank layoffs: J.P. Morgan, Goldman Sachs, Standard Chartered and more
Layoff roundup: WaMu, Barclays and BoNY
The latest layoff roundup: Citigroup, J.P. Morgan, Nomura, Fidelity, HSBC and more
More bank layoffs announced



Continue reading below

Also on Dealscape





Comments

From: Jesse R,

There is a different layoff due to recession. Job loses is a primary problem where every country is facing. You ever thought about a career doing public speaking? Public speaking is a big industry, and some speakers make quite a living going around and delivering their message to groups like high school students, corporate events, and so on. Granted, some people would also give installment loans to never hear another word about personal bubbles, sensitivity, and one more pretentious and inane corporate culture seminar might incite them to riot. It isn't easy to break into, so you'll have to network, even with no fax machine, and you'll have to have to start public speaking to practice, and have a hook. If you're boring, you'll need debt consolidation from being fired from public speaking.


Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.