Topics regarding layoffs at AIG (American Intl Group Inc.)

Topics regarding layoffs at AIG (American Intl Group Inc.)

The strategy

People, you have to realize that this is a strategy that AIG initiated several years ago and has continued to ramp up. It isn't getting better and will not get better for the foreseeable future. We have witnessed AIG shrink from an employee base of... — read more 

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| 3370 views | | 13 replies (last September 27, 2022)
Post ID: @OP+1iJOCVsz

Raises as an UW?

How do we have amazing profitable quarters, bringing in millions/billions in premium and yet we are not given any raises/promotions throughout the year? I thought we are considered cash cows? So if we bring in money shouldn’t we be rewarded?? IM SO... — read more 

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| 2270 views | | 10 replies (last September 20, 2022)
Post ID: @OP+1iJeUt4f

There are no untouchables

I hope that after these layoffs, everyone will finally learn that there are no untouchables. When it comes to layoffs, no one can say that they are safe. Cuts generally don't make much sense, and no matter how much you think you're irreplaceable... — read more 

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| 2091 views | | 3 replies (last September 16, 2022)
Post ID: @OP+1iJQ19uO

Constant changes, but for the worse

Layoffs after layoffs, it gets exhausting. I have sent a bunch of applications and I hope I'll be lucky because this much uncertainty is totally depressing me. Who can be productive and do their work professionally when layoffs are constantly on our... — read more 

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| 1750 views | | 2 replies (last September 17, 2022)
Post ID: @OP+1iIeobaI

It's not worth the stress

I spent several wonderful years here, but this is not the same company anymore. Constant cuts have destroyed morale completely. I wonder if it is worth staying and stressing out about whether I will be affected in the next round of layoffs? .. — read more 

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| 2350 views | | 5 replies (last September 14, 2022)
Post ID: @OP+1iGiy6Hn

New layoff rumors

Persistent rumors about layoffs are keeping me up at night. I wish I could just dismiss them but I'm just not wired that way. Does anybody know if there is any truth to them? Or better yet, can anybody confirm them as false? Stressing as much as I am... — read more 

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| 3860 views | | 16 replies (last September 14, 2022)
Post ID: @OP+1iFiacKP

Workers comp team

The workers comp teams last day is scheduled to be 9/29/22. There is a rumor that IT is still having trouble connecting to Gallagher Bassett and the end date may be extended past 9/29/22. Anyone have info on this rumor?

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| 2210 views | | 5 replies (last September 16, 2022)
Post ID: @OP+1iDYGzJZ

Work comp

Any news on companies not renewing or aig dumping accounts

by
| 1610 views | | 3 replies (last September 10, 2022)
Post ID: @OP+1iD0F2zj

RTO is a dealbreaker for me

Anything over two days at the office is too much (even that is a problem, but I can stomach that much). There is no need for it. I know the majority of us are more productive from home. We are perfectly able to collaborate without having to be within... — read more 

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| 4290 views | | 24 replies (last September 15, 2022)
Post ID: @OP+1izYpx8d

CEO: employees pay ratio

https://www.tumsozluk.com/chubb-allstate-and-aig-ceos-join-health-insurers-to-top-2021-pay-ratio-list/ AIG's Peter Zafino was paid 305 times the median employee rate in 2021. His 2021 annualized salary was 16.5% higher than that of his 2020... — read more 

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| 2220 views | | 3 replies (last September 20, 2022)
Post ID: @OP+1iwuump2

Quiet Firing

As this board debates quiet quitting, another stupid term is circling the internet, quiet firing. For those of you who can't understand how a person can do the bare minimum, ask yourself if the below definition of quiet firing reminds you of a... — read more 

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| 2090 views | | 1 reply (September 1, 2022)
Post ID: @OP+1ivM6CZA

Everything that's wrong with AIG:

pay has dropped below industry standard; we have leaders who are only capable of inspiring anger; there is no career development; a lot of work is repetitive and boring; we're expected to do too much with too little provided and in too... — read more 

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| 2280 views | | 8 replies (last September 9, 2022)
Post ID: @OP+1iuydF04

AIG is a sinking ship

Even my manager looks tired of this place. It's sad to see the company in this shape. At one point everything went downhill and continues to do so at high speed. Could it have been different? I think so. I'm interested in what you think, which... — read more 

The problem with doing the bare minimum

It is sad to see that some here think that they've solved their problem by doing the bare minimum to spare themselves some of the stress associated with their work. I'm afraid that many who decide to quietly quit will fall into the trap of staying... — read more 

Technology Risk

Do we even manage this? Who’s in charge over that group? Is it still MR?

This will be interesting

I wonder how is AIG planning to function without employees? With the workforce shrinking at an alarming rate due to so many people quitting and the leadership doing nothing to stop them, I wonder how long it'll be before the work is not being done... — read more 

From a career to a stepping stone

Remember when you had a job for life unless you messed up really bad? When we were encouraged to spend our career at AIG? What happened to those days? Now new hires plan to spend a year or two here and use it as a stepping stone for something better... — read more 

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| 1594 views | | no replies yet
Post ID: @OP+1ig7QG0u

back to office, scene 2

I’m sure that will help talent retention. More carrion for the vendors and consulting firms to feast ion. Someone asked on here how many AIG employees were rebadged to Accenture. The correct answer is 6,000. Can’t be any worse than this place. I am... — read more 

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| 2680 views | | 1 reply (August 19, 2022)
Post ID: @OP+1ierRtpJ

Private Client Group

Agree with the PCG comments. It is truly amazing how quickly this company has fallen. I cannot believe PZ hasn't made a change of leadership, but KZ is his friend and that is really paramount these days. KZ in turn filled the ranks with her friends... — read more 

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| 3470 views | | 7 replies (last August 17, 2022)
Post ID: @OP+1ieNP4OD

Return to Return to Office

Hearing there will be an updated mandate to return to the office 3-4 days a week and tighter enforcement come September. Anyone else here something similar?

Once the best employees now work as little as possible

Management really has a special talent to demotivate employees. Colleagues who were once very enthusiastic about their work, now do the bare minimum. Totally understandable because morale is zero. I kind of feel sorry for all those who still hope... — read more 

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| 2640 views | | 7 replies (last September 16, 2022)
Post ID: @OP+1ibyjqhN

Are those rumors true?

I heard some rumors that there could be cuts soon. Please tell me that's not true.

Lay offs

When you are laid off with severance; does your check continue or is there a delay?

Not looking good

The Zacks Consensus Estimate for American International’s second-quarter earnings is pegged at $1.23 per share, which indicates a decline of 19.1% from the prior-year quarter’s reported figure. We'll see how it plays out tomorrow, but if the... — read more 

Have anyone deal with HR shared service in India?

My last day of work is 8/5 which is also a payday. Do unused PTO included in the last paycheck on 8/5 or it comes separate? It’s so frustrating to deal with HR shared service in India. It’s worse than dealing with AIG Helpless desk. They asked a... — read more 

Has this been posted before?

A Japanese company and a North American company decided to have a canoe race on the St. Lawrence River. Both teams practiced long and hard to reach their peak performance before the race. On the big day, the Japanese won by a mile. The North... — read more 

Why can't we have good managers?

Since I started at AIG seven years ago I've had one good manager. The guy knew what he was doing, he was supportive and helpful, and he always led by example. All the others were/are lazy, have no idea what they're doing, and they want us to do their... — read more 

Do you believe in AIG…

Your boss is not your friend. Your company is not your family. Whenever you take the time off to rest, recover, or mourn you are an inconvenience to your boss and no matter how much hard work you’ve done and how much a-s you’ve kissed, when it is no... — read more 

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| 1970 views | | 1 reply (August 12, 2022)
Post ID: @OP+1hTS6ua3

AIG Staff Count

Does someone know what the AIG staff count that is left after all these layoffs and moves to Accenture/CB/GB/etc. I'm guessing 30k globally but, that is just a guess.

I’ll just leave this here…

https://fortune.com/2022/07/21/aig-imploded-2008-recession-financial-crisis-turnaround-plan-6000-employees-accenture/

High cost of hiring cheaper employees

I sincerely hope that the leadership is becoming aware that a cheaper workforce will not help this company, but on the contrary, it will cause great harm to it. I don't want to underestimate anyone, there are excellent employees everywhere, but I... — read more 

Why was underwriting sparred?

Any ideas what is going to happen with life and retirement underwriting? As far as I know the life underwriting had no notification if moving to Accenture, going to corebridge or layoff. Anyone have any additional information?

Corebridge

Question for those who will be impacted in April. Will you still be an AIG employee at that time or an employee of Corebridge?

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