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 the time or if it's just some weird fluke. I'm still kinda new here, been around for a little under ten months, so I can't tell yet.
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Welcome to the new AIG. Once BD was able to get rid of the SIFI designation in 2017 you lost all oversight from the government. This allowed executives to use company assets for personal gain. Ironically, this was exactly what Carl Icahn wanted to do, but was unable. BD put the right board members in place to achieve his goal. It continues today. You do not need to be a good insurance company. You just need to keep the stock price high until the current CEO's contract expires. This can be achieved by reducing head count, outsourcing, selling assets and most importantly by utilizing stock buy backs.
PZ owns almost 300,000 shares of AIG stock. Where do you think his loyalty lies? In your well being or in the stock price?
Welcome to AIG.
If you’re good and early in your career, staying at AIG is a one way trip to stagnation, especially in IT. Can’t think of another financial services company that has worse morale than AIG, again especially in IT. Things will only get worse until new leadership provides a fresh approach.
There are some many vacancies that I don't know who can they layoff. Sure they can move entire departments to Bangalore or Bulgaria to Accenture, but their work is terrible (because the turnover there is even higher than in AIA itself). I hope a savior will come because I honestly like this company I don't want to leave
This has been normal for many many years.
Slackers like me still remain! Haha!
Not how it happened all the time, no. Used to be enough people for AIG to sponsor monthly layoffs! Ah-h-h, the good old days!
happens all the time