AIG (American Intl Group Inc.) Layoffs

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Topics regarding layoffs at AIG (American Intl Group Inc.)

AIG Layoffs 2018

I want to let you know that people are anxious and tense as they expect layoffs in corporate in NYC.

Shakeup in Technology

I hear the Technology groups will have a broad scale shake up in the coming days. Anyone have any details?

Rob Schimek going out the door

Anyone hear how the changes being made regarding Commercial and Personal insurance as being General Insurance is going to affect AIG? Is this change good or bad for the company?

AIG has no concept of business operations

If AIG customers knew what is going on in AIG, they would definitely question why they and their families are insured through a third-rate company, one which treats it's own employees like **** and has no concept of business operations. No one should... read more

Company focus

Hearing that company wanting to get rid of as many employees over age 40 as possible , anyway as wants younger staff hoping to stay current

Claims

Trying to force people to retire, also trying to fire as many people as possible. Hearing they are selling off workers compensation.

Change fatigue

Do not expect much organizational change in 17. The dip in morale is being attributed to excessive management churn and current manage is using this excuse to defend staying put. It's unfortunate, because the new middle management of levels 5-6... read more

BAAAAAAAAD NEWS

Sad news. Regrettably, mismanagement is the norm rather than the exception in modern business. GM, Ford, Chrysler, Bear Sterns, Bethlehem Steel and a whole boat load of other industry giants mismanaged themselves to the very brink of bankruptcy or... read more
by | Post ID: @OFHJpD5
477 views | no replies

Housecleaning at the Top

Look for some significant house cleaning at the very top management levels...Those closest to the former CEO are the most likely to find new employment options... The new CEO's focus and direction will resonate with many stakeholders.

P & C subrogation got hit back in June.

Heard P & C subrogation got hit back in June. Folks that were laid off got a 6 weeks notice. Anyhow, the final separation took place at the end of the month (July 2017). Not sure if there will be more cuts - there were rumors about this for a while... read more

10 years of constant layoffs

The company is so bad, people are so sick of it, of all layoffs. It's bad for AIG, for shareholders and above all employees. Customers feel it too. Why so many layoffs? For 10 years we endured several layoffs every year, I am surprised that people... read more
by | Post ID: @Od4lcZb
812 views | no replies

RUMOR - July 2017 Layoffs at AIG

They never announce layoffs. It's all done quietly and quickly. There is no formal period for staff to know their job is at risk, they just get told to go. Friends and colleagues only find out when they see an empty desk. Some local managers do give... read more

AIG - No mass layoffs

AIG has been "thinning the herd" with small layoffs, not any mass layoffs (although there was a good number laid off in May) so it's under the radar. It's bizarre that the press and the analysts who cover AIG have not commented on the loss of all... read more

Next Round of layoffs

Does anyone know when the next round of layoffs is coming? Seems to be too quiet. Wondering if it will be with management first. It's the middle of the year and layoffs were to continue through 2017 and I haven't hear of any recent ones?

Not a good sign

John Paulson’s hedge fund firm reduced its American International Group Inc. stake by more than 4 million shares in the fourth quarter.

AIG's Glory Days Are Over

As a former employee of 10 years it is sad to say AIG has fallen from its prior glory days. Even as AIG focus was on cost containment and savings Was a priority, the human element was lost. I know first hand as I was able to save AIG over $ 1 million... read more

Thanks for info

Appreciate all who provide insight into the organization that otherwise wouldn't be known. Was wondering why it was lower than the 100 percent cited by Hancock in his final town hall

STI pool shorted

Short term incentive bonuses for 2016 not fully funded to cover 2017 budget shortfalls...

Split

The new CEO will be an advocate for splitting. Each new company will stand up their own shared services model and IT. Left out in the cold will be those not closely aligned to and directly supporting a business line.

There is Hope

Now that a new CEO is forthcoming, there is a chance that further RIFS/layoffs will be put "on hold". There are analysts and investment firms that want to see AIG investing in TRUE insurance and underwriting talent again. Some believe it's the only... read more
by | Post ID: @MjLMZtk
1283 views | 2 replies (last )

Global CIO Figurehead finally gone

The resignation/ouster of the global CIO is no surprise. He arrived years ago but was never able to capture authority. Nearly all IT decisions were made in Wilton CT -- the only work left for the global CIO was his newly founded SF office for... read more
by | Post ID: @MfTMSh6
1258 views | no replies

FTC Layoffs

FTC getting hit the last few days, FTE are supposedly coming the next couple of weeks.

There is life after AIG!

Stay away from this company trust me. They are bad news. I worked there for five years and it was a revolving door. They just fired CEO Handcock today who was a bit of a clown. A lot of wasted time and I regret even accepting the job. Believe me... read more

Phil fasano outted

He was fired Friday because from what i heard he rejected a order to layoff employees in order to save 20 million dollars. These layoffs were for low level it support full time employees.

Bail on time

Get out while you can, start job searching so you won't be blindsided like many were. All the good people were let go already, Hancock is bad news, reversing many things Benmoshe did to save the company. No loyalty to long term and faithful... read more

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