So the head of Construction underwriting was Riffed. So I guess we’re done writing that now?
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Topics regarding layoffs at AIG (American Intl Group Inc.)
This article states labor market is tight lotssa jobs and very few ppl. Comments? https://www.wsj.com/articles/youre-hired-no-we-dont-need-to-meet-you-first-1542298757
People don’t share information. People don’t see a reason to give information out if it is to someone not in their tiny little in group. People joke about taking people to lunch just so they can get a little help. That’s insane. We’re in the same... read more
Has anyone here taken advantage of their post-layoff outside career counseling offer? I admittedly walked out pretty p.o.'d but I'm heading toward the cutoff point of using them, if only for a professional re-do of my resume. Being one of the... read more
I got cut from AIG few months ago. If you are technologist from FW, retrain in on demand technologies like cloud/security using severance period rather than taking a vacation. Unless you are in 50's (ageism impact) market is very hot in DFW area . I... read more
Layoffs will continue well into 2019. AIG continues to think reducing headcount will help the bottom line when it is in fact a smokescreen for the fact the leadership does not know how to generate profits and write risk effectively...
The entire department was let go. They will work till 12.14 and some up till 1.1.19 Ship is going down
Anyone have more complete details as to teams impacted today and upcoming? I know of many in Fort Worth and some in Jersey. What I know is that many today were good people who bled AIG, worked numerous hours above and beyond the norm. I hope all of... read more
Apparently, SEC was not satisfied with AIG's 2017 annual filing and wants it to add information about reinsurance that it received from a deal with Berkshire Hathaway Inc. Although nothing concrete has been stated about the matter either by AIG... read more
There is several different rumors regarding layoffs in Philippines in January 2019. I havent seen them here on thelayoff but I've heard about this in the office.
Been hearing something about tomorrow, but I'm hoping nothing comes of it. Any news on it here?
Hi All, Hows the Business unit L&R doing? Are there any layoffs expected at L&R? I hear that this unit is doing better... so I m not sure whether this will be impacted or not? Can other unit's performance degradation impact healthy business units?
This past week was the first pay week where no RIFs were felt by the location that I am aware of. Soon it will be down to 4 or 5 people left at the data center.
Will continue per the town hall today put in a round about way. Heard of one layoff today in NY. Not sure which department though.
I don't agree with the people bashing stockholders. If you're not too rich to care about your STI, why would stockholders be too rich to care about how much their stock is worth? I own funds (probably most people do) with AIG as part of the market... read more
Any news on layoffs for healthdirect and mms. Really not hearing much but can't imagine MMS won't get big hit.
has there been any layoffs this week?
Make a prediction and tell us what you think about AIG Layoffs in 2019 -- Thoughts??
This is something that was expected and needed to be done in order to operate more effectively in Europe. Just hope that this division and reorganization in Europe isn’t going to be followed by reorgs on a personal level in the UK. That is definitely... read more
Earning come out on the 31st the AIG already said it will be bad. Last quarter was -1.21 per share. Who can guess the EPS this quarter. This will be 10 out of 13 POOR quarters. They still get paid, WOW What does this have to do with Lay offs, More... read more
That AIG s---s..that we are all miserable and the long term people are bideing their time for the package?? Get it over th BD and stop the suffering......... just do it!!!
Anyone else praying they get RIF'ed? Pretty disappointed I didnt get the last round. I hear December there will be more but who knows.
I see so much talk about more layoffs coming, but there are no details, no concrete info, nothing. Do we actually KNOW more layoffs are coming? Or are we all getting bent out of shape for nothing?
Is it true we are looking at possible reduction in severance? I overheard something at the office, and if it's true then AIG is sinking even lower than I thought. But I'm honestly hoping what I heard were just idle rumors. Any chance somebody here... read more
What's the scoop on sti funding? There's been talk as low as 50% funding.
Whoa!! By the time it gets to 30, BD will be the only one left. There is no new business being written and laying people off in all departments left and right. There will always be hurricanes and tsunamis so is this going to be the continued excuse... read more
Layoffs are the new norm at this company. This has been going on for years now. They let go people with experience who actually know what's going on. They hire recent college grads who have no clue for half the salary. The they claim what a diverse... read more
Apparently, this mess with stock price can easily stop if BD decides to change course from M&A strategy to the old dictum of buy back. Not sure what's stopping the CFO kid to suggest that. But it isn't just AIG that'sh--. Even MetLife and others are... read more
They will now start buying it back and continue to lay you all off. Time to look for another job.
We seem to be in a free fall for the past several weeks and there is really no sign of it slowing down. And we all know that the only solution for that are layoffs. Not figuring out what's wrong with the company, not changing the strategy to maybe... read more
I agree that the environment is toxic with the fear of layoffs in many areas of AIG. Brian has been with the firm for more than 1.5 years and the stock went down more than 20%, when the S&P went up more than 10%. Seriously, where is the... read more
Can current employees buy/sell stock on open market? I don't know if it's allowed, and don't have employee handbook on hand right now
What's the deal with putting all the wrong people in management positions? People who can't manage themselves, let alone anybody else? Also, why would they pay higher rate to people from the outside they bring in for managerial position when there... read more
I know below is old news but it will happen again. Senior Management is the only one who wins. NICE AIG execs received $6mn bonuses before mass layoff announcement