Treating employees as an expense instead of an investment. When the management decided that knowledge and experience meant nothing and started laying off the highest-paid employees (the ones who have been here the longest) was the beginning of the end for the company. That's when things started going downhill and I doubt that trajectory will ever change.
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I think previous postings have it right. Understand, though, grass is not always greener elsewhere, but trying to find something better than here is worth trying for most people.
I see middle managers almost exclusively being hired from the outside, not promoted from within. That should give you a verdict on what AIG thinks about its workforce.
Someone mentioned in another thread that a major crash is gonna happen in IT. Is that AIG200 related, or something else?
Don’t forget let’s implement a pay for performance bonus structure so we don’t have to pay for cost of living increases or give raises to the lower tier workers that they are trying to outsource. But let’s structure that pay for performance to maximize benefit to useless middle management that do nothing but push the same rhetoric from the senior “leadership” team. The best example is working from home doesn’t work, let’s have everyone back to the office five days a week to warm seats…
We have all watched our colleagues being treated like objects - laid off, sold off, outsourced. Horrible treatment. Everyone knows just how valued they are by AIG execs. The kicker is to receive those mental wellness emails. They’re like, “Hi, we’re going to lay off your entire team, give their work to one person overseas, then when that person screws up it will all come back to you to do the work of 8 people. But remember, we genuinely care about your mental well being.”
It is not a mistake. It is a calculated strategy by this executive team and the board. Reduce expenses, give executive management enormous bonuses and stock options, use all resources to prop up the stock, collect an inflated salary for 5 years, sell the stock and move on.
The future of AIG is not part of the long-term equation.