John Hancock to trim Boston force by 116 jobs
John Hancock Financial Services said today it is cutting 116 jobs in Boston, or about 3 percent of its local workforce. The insurance company, a unit of Manulife Financial of Canada, said the cutbacks are part of efforts to streamline operations and restructure its annuity business. But the company says it continues to hire in other areas and has 110 open positions. The company now has 3,750 workers in Boston.