The article (link below) basically describes in a very technical and unbiased way what a mess AIG has become. The article specifically references that the one "bright spot" for AIG is a 9% reduction in expenses or a savings of $140 million dollars... — read more
Topics regarding layoffs at AIG (American Intl Group Inc.)
what are they smoking?
This quarter's earnings basically guaranteed that your STI will not be funded at 100%. Not saying none will be paid, but you will take a big hit this year. If you are worried about BD or PZ, don't. They will still get well over 100% plus LTI because... — read more
thanks to our wonderful management, AIG stock has gone from 65 to 29 in the last 2 to 3 years under BD and PZ and all their newly appointed 'global' cronies.
I was laid off and called HR Shared Service to request 401k rollover to my IRA account. I was told to wait for 7 days and call back to complete this process. I waited for 7 days and called HR Shared Service and was told to wait for 30 days to... — read more
No kidding, more experience needed!!!!!!
This is by far the worst employer I've ever worked for. After three years, I'm desperate to find a way out of this place. If it wasn't for the pandemic, I'd already be on my way - with or without another job waiting for me. When my name shows up... — read more
If AIG wants to re-structure, make it top light and titlt the pyramid. Get rid of tons of 24,23 & 22 who are getting pacakge of more than $250,000 and focus on the operations with the people who do the real work.
Glad they got the net retained cat exposure under control; lol BOOM here is the pandemic for you guys to eat up!!! #arrogance
Hey, AIG only lost almost $8 billion, yes billion. That’s not really too bad. We are well positioned to move forward and should continue to invest $20 million a year in BDs salary. Lol, wtf is the board doing! Overall, AIG swung to a... — read more
Is the next round going to be on August 21?
Question: Does restructuring breed nepotism? Quite a few employees RIFd across the board. Sounds like IT and Ops had more than 10% each based on what's on this forum. IT folks land with good jobs depending on their skills. However, ex-Ops ppl... — read more
Lets think positive and the stock price will go up, up, up,
Isn't that how this works?
A rise in crime and public d–g use near Times Square according to the news today. How are we supposed to think about going back to the offices with coronavirus still out there and this all going on? No thank you. I'm working remote until everything... — read more
People refuse to send information because they want to show their power and for no other reason. Lame reasons like the information being confidential even though many people know it already. When something goes wrong they try to blame... — read more
Has anyone used the service that AIG provides R* S They are services to help find job, but there’s a part of me that doesn’t trust it. What if they find me job I don’t want, Will they take away my severance for refusing a job. Or worse, if... — read more
It was 2 weeks I thought per yr. Has that changed?
If the board had any brains or guts they would redirect AIG 200’s mission to get rid of the top 200 hires by BD and PZ and replace them, the stock would double in less than a year, maybe 6 months
Will there be more layoffs today? Has anybody been affected yet?
Lay me off already! I've had more than enough of this place to last two lifetimes. I keep hoping to be on the layoffs list but no luck. It s—s that there are people who want to stay and are forced to leave, and I have no way to let them know I'd be... — read more
I agree with that there be permanent Work from Home for people in the Tri State area. That is one way of cutting expense with less office space. Some concerns on my part will be the following. Working from Home in Tri State, does not necessarily... — read more
Does anyone know if the Berkeley Heights, NJ office will still be open for employees to work from in addition to the three announced locations in NYC/Jersey City?
Is anyone laid of on H-1 B? And do they revoke H-1 B right away?
Heard IT had RIFs. Anyone else?
How long before KH gets ousted? My guess is by year end....
I've been told, with confirmation, that I'm finally being rif'd this coming week! It was shady the way it happened, but still I'm extremely happy! There were times I've worked 80+ hours a week supporting this soulless, leadership void, sinking... — read more
Recently RIFed; anyone know how long I have before returning the laptop and other company belongings? Especially with office being closed?
If you let go of the fear of RIF, you are productive. I lived with constant fear of RIF for almost 18 months. Three months ago, I started looking for jobs and went through a few interviews, I felt relieved. I am yet to land with a job of... — read more
Has anyone heard that they will be sold/closed at year end?
Linkedin shows the company headcount is flat for the last two years between 44-45k while they have been hiring 300-500 new hires/month. Based on this forum, it sounds like there was at least 2k strong RIF across functions in Q2. Why does it... — read more
When all I hear on this site are layoffs!
Keep an eye on the Insured's, non renewing and new business, and what is being transferred to TPA's. A big way to cut costs is to also have new business handled by TPA's and have it just on paper as an AIG account. There will be a lot of little TPA's... — read more
I heard that they are in the process of once again of reducing Head Count for Claims. I heard that this is anticipated to occur in late July or early August. I am just wondering if this is true as I don't see any new business being written. I know... — read more