Thread regarding AIG (American Intl Group Inc.) layoffs

The plan is to do away with as much jobs in NJ and NY as possible. That's what is being discussed. Yes, McKinsey is here to RIF and make recommendations how to do more with less. Yet they haven't made any recommendations on all the new Senior Management hires that happen almost on a weekly, if not monthly basis. Mckinsey isn't doing their jobs because they should be transparent and let Senior Management know that these Senior Management new hires are not necessary and are further bleeding the company and driving up costs. It's not good for the company's goal of reducing General Operating Expense. McKinsey has an in with Senior Management and that is why there is duplication of recommendations on how to transform and align the company while cutting cost.

Umm. Go into the contract admin system and look for McKinsey. They have contracts. They also get bonuses for cuttong costs. If you work in NY or NJ, consider yourselves at risk. All this while holding job fairs in Charlotte.
I couldn't make it up if I tried.

The only progress they have made is RIFing hard working employees while continually bringing their buddies in and giving them Senior Management Jobs. They have continually hired Senior Management and made up new Senior Management Jobs since BD came along.

They are getting ready to move to fancy office space in Midtown. It’s smaller, so they probably need to RIF about half of NYC based employees. That is the future progress that will be made.

I'm sure they get paid a lot no matter how you look at it. Not sure why AIG didn't seek out employees to volunteer to get RIF'd as there are so many that would like to get RIF'd and move on. Yet there are so many as well that don't want to get RIF'd. So AIG will lose a lot of dedicated workers by using these consultants. That isn't progress to me.

Not true. They get a fee and a % of savings. They’ve been through this with AIG before

They will use AIG as a track record whether successful or not. They know how to spin the story. Only dumb management will engage them

I doubt the post Post ID: @107z5WtV-1xzo. A savings would be realized immediately when they RIF. But I am sure they are paid right in the beginning and probably a percentage of what they saved in the RIF's.

Sure! Rolling on the floor laughing so hard I’m crying!!!!! Bahaaaha ! Thanks...I was feeling a little depressed. MayBE they don’t get the million dollar bonus until a savings is realized... and oh by the way savings is relative to whatever suits the situation ! Still laughing!!!!

McKinsey doesn’t get paid until savings is realized.