Point32Health announced it is laying off 254 employees on Monday, its second round of reductions this year.

The non-profit company said in a statement that the layoffs are part of an effort to reduce administrative costs as it continues to experience unprecedented increases in medical care and pharmaceutical costs.

Point32Health also cut 110 jobs in March.

“This was an incredibly difficult decision because it will affect many of our talented and dedicated colleagues,” said Patrick Gilligan, president and CEO of Point32Health, in a statement.

The company has about 4,000 employees , it reports on its website.

The second largest health insurance company in the state, Harvard Pilgrim Health Care and Tufts Health Plan’s parent company, serves nearly 2 million members.

“Our members are

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