MassMutual’s Society of Grownups seen better days

Last year MassMutual was reportedly planning to expand its financial learning initiative called Society of Grownups to 10 more cities post a $100 million injection. That was then. This is now. On Friday, the insurer laid off about a third of the company’s ~50 peeps, including its CEO Nondini Naqui. Needless to say, plans to expand its physical footprint to cities like New York and Philadelphia have been called off. Recall: the Society of Grownups is an offline initiative by MassMutual that offers financial planning classes and discussions geared towards millennials ranging from ‘no fee’ to $100 fee for a one-on-one, 90-minute session, with a certified financial planner. Ignorance is bliss.