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

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

This keeps happening again and again

Every single time without fail they manage to lay off at least a few of by far the best and most productive employees. Then, when it’s time to fill their positions with cheaper replacements (which was the goal all along) it turns out they have to... — read more 

They intend to sell the company??

Redundancies also announced for claims and operations in Emea. They are outsourcing core parts of the Company, this cannot be a simple cost cut plan, this seems like a plan to sell all the Company. Time to update the CV pals Looks like I left on... — read more 

AIG 200

i finally understand what AIG 200 was, firing everyone unil only 200 executives remain! This isn't AIG, THIS. IS. SPARTA. !!!!

Organizational Survey

With the head of hr leaving I am reminded of the "very important" survey we all had to complete. Supposedly there was 80% participation from employees and the results would be shared with the company. Several months later, no survey results and... — read more 

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| 2711 views | | 9 replies (last April 18, 2021)
Post ID: @OP+1alOlcXH

Classy

Here is a great idea.....Let's fire hundreds of people and make them stay until July to receive their benefits, but before they leave let's have a company wide interview touting their replacement (Accenture CEO interview with PZ) just to rub it in... — read more 

The only reason I'm still here?

Health insurance. I have good coverage and with a preexisting chronic illness I can't afford to take a risk with a new company right now. That's where AIG is now and how low it has fallen. The only reason some of us are staying is because we are... — read more 

Proxy statement

I really need to figure out how to become an exec at AIG. Only company I know where you get 150% of target for losing billions. 🤣 https://www.aig.com/content/dam/aig/america-canada/us/documents/investor-relations/2021/aig-proxy-statement_2021.pdf — read more 

Job market for seniors

For former employees that are 50+ years of age how difficult has it been to find a job after being let go? I was laid off and still can’t seem to find anything, not even at a lower pay or less benefits. I understand companies want younger candidate... — read more 

IT Layoff

not in IT, but rely heavily on local IT support as the help desk is essentially worthless for anything other than resetting a password. this is a monumentally stupid decision to outsource IT and proves that upper management cares nothing about... — read more 

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| 2400 views | | 3 replies (last March 30, 2021)
Post ID: @OP+1a4hF8KO

Severance

If laid off you get 2 weeks for every year which is fair. However, for PTO, You are paid out only on pto that you accrued and you don’t get the total for the year that you’d get based on time of service. I learned hard way after laid off. I’m Not... — read more 

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| 2371 views | | 4 replies (last June 6, 2021)
Post ID: @OP+1a2qFoah

AIG stock over the last 3 years

It is down 10% from 3 years ago. Other insurance companies, Chubb up over 30%, Travelers up 20% to name 2 So Brian and Pete and all the “talent” they brought in actually made it worse. Than Peter H.

Get rid of this leadership!

Keep the people who are doing a great job and get rid of those who contribute the least - which is the majority of upper management. There is plenty of fat to cut at AIG but it's not on the bottom. This will save plenty of money and help bring in new... — read more 

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| 1500 views | | 1 reply (March 17, 2021)
Post ID: @OP+19UO5bV9

Am I in s goof position as a TAP

Hello, I'm going to come in as part of the TAP program and want to ask people opinions on the company's future? Seeing as AIG is known to let people go, how safe am I am as a TAP? Will I be the first to be let go if it comes down to it? Also... — read more 

Perspective is everything

to the post about 40 people not being a 'mass' layoff....perspective is everything...if you're in another country other than the US - then you're right - it's not a mass layoff.. While AIG may have 40K employees it has been downsizing since 2008 and... — read more 

Quality?

PZ harped on this recently as a key success factor for AIG. I wonder if this applies to IT vendors as well now composing half or more of all people in technology. View I see is total lack of coordination between groups, and the vendors seem to have... — read more 

This is actuarial

Tall white guys are welcome, blonde women next, if you're a previously hired minority you might be tolerated especially if you discriminate yourself against minorities.

Out of Here

I'm leaving. After almost 7 years I'm outta here. I was lucky, got paid for 7 years. Although never got a raise - was told someone else on the team (who was a higher grade) made less than me. Not my problem! But still, I was left to let it... — read more 

Over/Under

STI is paid this week. That means that the AIG annual report will have to list the STI bonus amounts of the top execs in the report that usually comes out in March. Last year the stock was down about 50% since BD took over and top execs gave... — read more 

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| 2561 views | | 5 replies (last February 27, 2021)
Post ID: @OP+19zCwqkb

Is the worst behind us?

Is there any information about layoffs in March? I am under so much stress that I no longer have any motivation to work, and the pressure is so great that I would rather resign immediately just so I don't have to go through all this uncertainty.

Well being when you need to do work for three people

AIG continuously sends emails advising us to step away from our computer, separate work / home life, volunteer, join a virtual group and attend virtual meetings everyday to learn about inclusion and diversity, read a book and join yammer to talk... — read more 

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| 1620 views | | 1 reply (April 22, 2021)
Post ID: @OP+19zRnHJz

Mass layoff in casualty

apparently 40+ casualty claims folks were given the axe this week. I hear from the Iowa office.

It's over

Just stop posting here. AIG is garbage. Has been for a long time and isn't getting better. That's really all you need to say. This web site censors many posts. It is probably in the pocket of AIG. If you stay at AIG, then shut up and take... — read more 

Performance reviews and layoffs

This is the only company I know of that tries to performance people out so can fire instead of laying off. How is this okay and why is it still going on?!

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| 1632 views | | 1 reply (February 24, 2021)
Post ID: @OP+19q7u97N

Worst company in regards of employment safety

Massive layoffs. Always doing reorgs AIG is big mess. Seniors have a weird attitude here.I’m glad that I’m moving out. No growth here they don’t even increment your pay and even though you give your best , you’ll be treated as a looser. — read more 

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| 2270 views | | 6 replies (last March 25, 2021)
Post ID: @OP+19q3OJVp

MMS/claims

Not sure how reliable but told layoffs expected march

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| 3121 views | | 7 replies (last February 25, 2021)
Post ID: @OP+19hrtHFX

AIG RS or VALIC FA layoffs

Will there be any layoffs within the AIG Retirement Service area or the VALIC Financial Advisors/ VFA this year?

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| 2235 views | | 2 replies (last February 6, 2021)
Post ID: @OP+19gTCpxX

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