Liberty Mutual is one of the largest employers on the seacoast, and the axe is falling on over 600 jobs in this area.

Speaking for myself, I know many people who work for this company in both Portsmouth and Dover, and I feel terrible for them.

The company says folks who get pink slipped can post for other positions in the company.

Liberty Mutual apparently saw close to a 1 billion profit last year.

Go here for more information.