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

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

Return to office reducing bonus

There are rumblings that to drive returning to the office, they will be tying at least some portion of your bonus to being in office 3 days a week. Anyone else hear anything like that?

Finally…good news??

“79% of employees look forward to interacting with their teams each day 64% are happy with their work-life balance 60% say their work environment is positive” Does anyone know about this survey?? Who the heck did they speak to?... — read more 

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| 1450 views | | 6 replies (last September 18, 2023)
Post ID: @OP+1o1MHUpz

HR has fallen off a cliff

The absolute worst HR ever. It keeps getting worse. They can’t even do the basics without screwing something up!

Micromanagement is the way

Finally senior management understood how to reduce expenses!!! Micromanagement is the way!! Remove any spending Authority everywhere to anyone and let 10 people check and authorize everything worldwide! Such geniuses!!!

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| 1220 views | | 1 reply (August 2, 2023)
Post ID: @OP+1nUoGKXS

Corebridge Separation

Anyone have any thoughts on the Separation project being handled by Accenture, Avanade, Deloitte, and probably other 3rd parties?

Corebridge Layoffs

To track Corebridge Layoffs. Ultimately to meet their numbers AIG will start playing the number dice on Corebridge. Small numbers are happening. Large numbers could happen. They say they are recruiting and on the other side they are letting go... — read more 

Random Reorg

https://riabiz.com/a/2023/6/6/after-13-years-in-the-shirl-shadow-ed-swenson-gets-a-mandate-to-grow-a-20-billion-corporate-ria-as-old-aig-ibd-unit-advisor-group-reorganizes-and-seeks-new-brand-identity

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Post ID: @OP+1nl2QiDs

Cheaper employees as a "solution"

This place is a major source of frustration. It is painful to watch how they find ways to replace talented employees with cheaper ones. This way they achieve some short-term goals, but what about long-term planning for this company?

July 2023 Layoffs

The goal is to track all the July 2023 layoffs. The goal is to make employees look like fools in front of Accenture and have Accenture take over all the jobs in their factory.

Feeling of stagnation

My mistake is that I stayed here longer than I should have. I might be wrong, but now I think that I would have probably made more progress in another company. I've stagnated a lot and I doubt that I'm the only one here who feels that way?

Is this how things work all the time?

We've had so many folks leave our BU lately. And let me tell you, these were exceptionally talented and promising individuals. It's seriously ki-led the morale around here. I have to admit, I'm starting to question if this kind of thing happens all... — read more 

Lipstick on a pig

Compared to other peers in the market, AIG earnings seem very, very poor to me. Often they are the results of one-spot sell of assets. if you sell the family jeweley, that's not earnings, that's just being desperate. Exactly. I foresee many more... — read more 

I mourn for the old AIG

This once outstanding company has fallen into the abyss of incompetence, thanks to blind managers devoid of even an ounce of experience. It's infuriating to witness the decline of an institution that was once a beacon of excellence. The current state... — read more 

AIG to sell Validus for $2.985 Billion

From Insurance Journal July 2018: American International Group Inc. said it has completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings. The $5.56 billion all-cash transaction was first announced in January, about... — read more 

All planned to make Accenture take over

This goals have all been set to make so that employees fail and get laid off. Management want Accenture to take over everything and not concerned about employees. Employees are slowly disappearing and the company is not talking about it. If they make... — read more 

What happens when PCG becomes PCS

So what happens to the PCG employees when we are sold and become PCS? Supposed to happen in 3rd Qtr and our managers are telling us they know nothing except the very top management? What will happen with Claims? Rumor has it that an outside firm... — read more 

Management Happy with Layoffs

Management is happy with the layoffs and outsourcing. Means higher stock price and easy money for allocated stock options for senior management. The management is expecting more layoffs until the end of the year that way don’t need to make formal... — read more 

AIG isn't really aiming for the stars

Instead of striving for greatness, we seem to be more focused on just being average and cutting costs wherever we can. Mediocrity is what it's all about at AIG. Do you know of one company that managed to survive and grow with such a business... — read more 

June 2023 Layoffs

To track June 2023 layoffs. Atleast 500 to 600 employees will be let go. This is to help some summer savings for the company and claim as expenses for next quarter to show profit. This will also create an average employee productivity hours... — read more 

Using ChatGPT to layoff staff

The management might consider ChatGPT to provide a list of people who should be laid off. This makes the layoff more automatic without any emotions and promotes the company to make decisions without emissions. Accenture will be helping with this... — read more 

AIG beat earnings forecast by 15%

Thank you all of you layed off for helping make our stockholders' pockets happy. Your sacrifice is appreciated. Thanks, Pirate Pete.

Who’s next?

CBRG, PCG and now CRS. What’s going on with all this trimming? At this ace there will be nothing left in 5 years.

AIG Number 1 Again!!

In executive compensation. PZ pulled down $75,314,199 in total compensation in 2022.

Microsoft issues

How can it be days before resolution of the Microsoft issues preventing folks from doing their jobs?!

Total ban on external meeting

Isn't pathetic that any participation of AIG personnel as hosts in non-business related meetings is banned? We are basically cut out from workshops and market events of any kind, all because some top level white collar spilled confidential financial... — read more 

There are other ways to save money

Why don't we get rid of some of the real estate or lease contracts instead of always relying on laying people off when it comes to cost savings? What am I missing here?

At some point things will stop working

Accenture "aid" is very, very expensive and can't garantee any particular benefit to the overall picture. The smart idea of our top management was to rationalize the processes and then let AI and automation do the rest (accenture was supposed to be... — read more 

Goals meaning

What's exactly the meaning of our generic goals? I know that UW have a budget to meet so their success can be related to that, but for the others? The goals we have to copy/past in Workday, that are the same for everyone, mean absolutely nothing... — read more 

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