I hear AIG is about to go under and people are flocking to new companies left and right. Anyone hear news?

Discussion on new lay offs in business and tech teams.

That is how my manager behaves, as if we should all be happy and satisfied just because we have a job here. Are you sick of it too? I think they underestimate us a bit. There are still many talented people here and there are much better jobs out... — read more 

Because the stock analysts on the earnings calls won’t ask, does anyone know why he really got fired? If it was for cause he wouldn’t have gotten $7 million, so must be something else and must be something material.

https://amp.insurancejournal.com/news/national/2023/01/31/705255.htm

How are the Bonuses percentages looking for everyone. I had a great performance review but only getting 90 percent.

PZ will show you how much he cares about you on Feb 24 with your less than prior year’s bonuses while he sits back counting his $50M. At least you will be walking out the door to your new job before your raise (that is pathetically less than your... — read more 

I am sure that most of my colleagues could put in much more effort, however, their morale is low. Those who used to give 120% of themselves, now barely do the minimum and it is noticeable. Purely out of curiosity, I would like to know when you... — read more 

You have a small group of rich corporate elites defining us by labels and bunching us into categories that define work style and monetary worth despite our unique differences and individual challenges. This is done to enrich the AIG monarchy on the... — read more 

Does anyone know why the chief actuary "left" last year?

Last I heard is that there are people who will get their full bonus for the year. As for the others no raises at all and bonus payout will be 80 to 95 percent of bonus. For the people leaving on March 31st they will get full bonus and severance. Some... — read more 

I was checking if any word about if aig happy with transfer of work to Gallagher Bassett, since it’s been a mess of a transfer, seems Gallagher not happy wondering if any word about aig ending partnership

As your manager explains that you are only getting 90% of your sti and maybe a 2% cost of living increase, if lucky, because AIG really needs to cut expenses and tighten its belt you can reference this... — read more 

Does anyone knows what’s happening with this? Hopefully he will be back very soon. Hopefully nothing serious is wrong.

I have been one of the unfortunate members of the AIG layoff back in July. I received the “last day of work” for April 14, 2023 with the promise of a decent severance if I stay until last day of work. I am getting nervous because I haven’t signed... — read more 

Just wondering if anyone might have any insight into whether those that are fully remote workers are at greater risk of being RIF'd than those that are considered lower performers (based on reviews/management ranking)? There was a previous post here... — read more 

It's not just AIG, all publicly traded corps. are squeezing more, and more productivity out of the little people ie.. us peons without increasing pay. Are they prepared to be evil tyrants? If so they sold their souls. The board of directors are... — read more 

It's no accident that employees were given the day after New Years as a company holiday, then, to much fanfare on contact, employees were awarded 16 holidays in 2023. An industry wide leader in company holidays AIG is! All of this is a precursor to... — read more 

I used to really believe that hard work is worth it and that this is the way to advance in your career, that dedication and giving 120% can save my job. How naive! There is really no way to secure your job here, even if you're giving it your best... — read more 

Everyone will agree that it is not worth investing much effort here because it is not valued at all. However, is it always possible to fly under the radar, do the bare minimum and keep your job? I don't think so. My manager has high expectations... — read more 

To all of those who are complaining about the culture, too much work, no raises, and similar issues I have only one thing to say: work your wage. Stop giving away your work for free. That's what you're doing every time you work more than 40 hours on... — read more 

Anyone else excited to get Rif’d with the STI crumbs paycheck tacked on? Binging as many great shows as possible on my e-work days until that RIF meeting arrives and I have to find a real job.

The work-life balance here is terrible. Employees are expected to extend their work hours in order to appear competitive, which is unnecessary. The environment is quite negative and drains employee energy, making it hard to stay motivated to do... — read more 

Four employees in my group various levels left in November and December for jobs with other companies. Is it true they will still be awarded STI even though they left the firm before the payout date? I heard several lawsuits were brought against the... — read more 

does anyone know when the official split between AIG and Corebridge will occur?

It seems that a lot of companies are using the “upcoming recession” as an excuse to layoff people, as if it helps the economy, and not their shareholder’s pocketbook.

I seem to recall in one of the town halls earlier in the month (perhaps with TS) that there was a $500 bonus coming "in the next few weeks." Am I a misremembering? Has anyone gotten it?

Are rumors true about January layoffs?

Promotions will be for who remains, because they don't hire people from outside anymore, they are giving also senior management roles to external consultant just to avoid hiring at all... Sure, a lot of people are leaving but this fact rise... — read more 

Why is HR so late in posting the US holiday calendar? Officially 2 weeks until end of year and still missing the US holiday calendar. My bet is the half days are being reconsidered…

This used to be a good place to build a career, but now it's just a short-term stop to acquire the necessary skills to get a better offer somewhere else and run away. The future of the company looks pretty bleak. Can you even imagine what the... — read more 

A lot of my colleagues have left recently. Everyone feels that the coming year will be very difficult at AIG. I advise everyone to keep their eyes wide open and always look for something better because there is no such thing as a guaranteed job... — read more 

So there's buzz about new jobs at Gallagher Bassett on thier AIG side. So the question is. If one of these positions is accepted by someone who got let go on September and getting severance, do we lose the severance? Technically we are "free... — read more 

Unbelievable that no one has posted about the collapse of Citrix Virtual desktop system that most Claims and UW use for the last two weeks! Most adjuster in P&C, A&H, WC and UW lost all of last week as no one could use the system long enough to... — read more 

Is it better to wait and be riff’d, or leave AIG on your own terms next year?

I recently saw Corebridge stock and it’s not looking good at all. Looks to be below IPO price. Do we expect further layoffs, besides the ones that are going to happen on March 31st? I survived that layoff, but I am concerned that they will cut... — read more 

What is happening in your area? PZ was recently given a 5 year contract by AIG. Is the plan to buy back as much stock to gift the stockholders with as much money as possible, and to shut down AIG within 5 years?

This is by far the worst company I have ever worked for. They could care less about employees, distribution partners, and of course policy owners. They have striped assets out of the life companies to mother AIG to pay for the bloated leadership... — read more 

It's a high time for me to leave this place. The leadership's moves are very disappointing. Are they even aware of the cons of third-party service outsourcing?

Story is all over the place. https://www.msn.com/en-us/money/companies/aig-laying-off-461-workers-in-amarillo-due-to-outsourcing/ar-AA14WtDC