Major MA Health Insurance Company Eliminating Large Number Of Jobs: Report

CANTON, MA — Point32Health is eliminating more than 250 jobs as part of its second significant workforce reduction of the year, according to a report from Boston Business Journal.

Point32Health is the state’s second-largest health insurance company. The 254 jobs account for approximately 6.5% of the Canton-based company’s workforce and is more than twice as large as its first reduction in March. Point32 reported an operating loss of $96 million in the first six months of the year, and says this most recent layoff is necessary to reduce administrative costs. As of September, the company had approximately 3,900 employees.

Read more at Boston Business Journal.

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