Heard of RIFs in IT. True? Which parts?
Topics regarding layoffs at AIG (American Intl Group Inc.)
Entire Ft. Worth Service Desk last day today. Service Desk now located in Manila, Phillippines. Good luck.
McKinsey is here to save AIG. They need to fix the Finance division, where you have tremendously overpaid Grade 24 and above workers. They need to get expenses down and soon. You have people making over 125k doing data integrity and cleanup work... — read more
Goal is to have only 200 employees at executive level in Mid town
I am a long time unhappy employee like most of you. I am tired of the continuous changes in management and the ongoing threat of rifs. Every time a new group comes in we repeat the process and waste years and tons of money. But, what I don't... — read more
Have yall read about how this giant bank fell from.grace. Long history similar to AIG. Founded pre 1900. Invested and lost heavily in CDO during the housing crisis. Never recovered. Interestingly taxpayers monies which was used to bail out AIG was... — read more
You all should be afraid. Some of you will be let go and others will stay. Those who stay, beware. I was at a meeting a number of years ago when Shane stated he wanted to reduce costs by having managers be aware of people who were ill, women who may... — read more
When is the next layoff?
Mms starting to fire people left and right, some already firwd others in the process. I've been working here for long time can't remember the amount of hostility by management against hard workers, is this normal process that other aig depts have... — read more
In Europe at least. https://www.insuranceinsider.com/articles/127330/aig-realigns-client-risk-solutions — read more
With CRS almost non-existent now, it can be inferred that the firm is not going to be in role. Hence underwriters will be the next target
If I can somehow make it to 1/1/2020 before resigning, am I eligible for STI or do I have to linger until March?
To choose between working in my position at AIG for the rest of my life vs s--c-de; I would choose s--c-de. I would choose s--c-de twice if I could. When a human spends the majority of the day with absolutely zero purpose, that person will deem their... — read more
Reading about more layoffs at AIG every single day is really not good for my health - mental or physical. The worst part is, there's nothing I can do about it. If I decide to leave - is there really a company out there where people still enjoy even a... — read more
I hear announcements are coming today regarding Commercial Claim Management. New roles being announced for some of the top brass...should be an interesting day.
Not that a Town Hall is going to really explain what AIG 200 is. I am wondering why BD and the Senior Management who come up with these new ideas like AIG 200 don't have the common courtesy to regroup with the employees and have a Town Hall and... — read more
Every new executive that comes in has his own brand of consulting companies coming in to tell us how to reboot with a different name. we have had multiple advisory companies come in and tell us what to do over the years, but this is downright bs. the... — read more
Town hall today for MMS, what’s this all about?
The US taxpayers paid to bail out the company. While I realize the money has been paid back. I can't help but feel the taxpayers would rather have let it crumble than have all the jobs sent oversees to non Americans. We are the ones who stuck around... — read more
This is really very disturbing to me as an employee. We hired a CEO, who is the highest paid in the Industry. We paid for his non compete and he was given many other bonuses. Wasn't he and Senior Management paid to do what they have hired McKinsey to... — read more
They are cleaning house in Client Risk Solutions. The head of CRS included.
Did we ever get anything truly useful from them?
I have heard that there will be a major lay off in August. I can't confirm this but all the other talk I have heard regarding RIF's have come to fruition. There were lots of RIF's in 2018 and there have been a lot so far in 2019. Senior Management... — read more
How many of you know this?
AIG will eventually merge with another company or use the AIG name to only manage financial products. GI will go away. AIG can't efficiently manage general insurance companies and they simply cannot make money doing it. Every system that we have is... — read more
Some positions have already been moved to India from the Finance area. The Timeline probably is now and until one year from now. Hopefully they give people an early heads up when there position is migrating to India. Best place to check is AIG career... — read more
How many got laid off in Olathe last week? What departments? That place is going to be a ghost town! It’s already barely half full! — read more
They are not going to lay-off all these people on Olathe and then keep paying for that big building......
"Laying off people is part of the company annual goals. As soon as the stock price is above $55-$58 range the CEO will bail out. About 6 months to a year more in his role" This comment from a previous post is spot on. BD's goal is to get he and his... — read more
Let BD explain himself and what direction he is taking AIG. Time for some "splainin" from the old geezer as to why the massive layoffs!
Massive layoffs have begun in the Risk Engineering department this week. Nearly half the department is being lay-off.
June 14th is the day for layoffs. Across the board cuts June 14 is Friday. When exactly did we have massive layoffs on a Friday? We might have had situations in which layoffs spilled over into it, but that's about it. I'm not saying there'll be no... — read more
Rumor mill. Massive layoffs next week. Multiple departments.
will AIG do this in our life time?
The entire United States help desk in for Earth will end July 12, 2019 or sooner the new help desk is now in the Philippines there were 70 ish of us permanent and contract Hires in Fort Worth Texas we will always be just a number working for places... — read more
Nothing happening so far today - so it could be that Tuesday and Wednesday were it. Unless other departments are being hit today that I don't know about?