Have any AIG employees been disciplined for not returning to the office for the 3/4 days per week? I know we have all been asked to do this, but I dont know anyone who has actually been disciplined for not doing so. At the moment, 3/4 days seems... — read more
Leadership. Where Is It?
TAP grad supposed to get offer for perm placement. No one will provide update, and no one seems to know anything. Wondering if choosing AIG was a mistake.
Is there a retiree group for AIG retirees anywhere ?
Does anyone know if there a retiree group for AIG retirees ( including lay off-eees) anywhere ? I'd love to discuss some issues with others.
So Long, Solash
It can no longer be ignored. CRBG is falling apart. First there were the layoffs, followed by a rash of resignations, and earlier this month, the President of Life and Retirement quietly resigned. The rot is so bad that the head fell off. I’ve... — read more
Actuary leadership be like
"I wish I was a visionary, inspiring genius who occasionally steps on people's toes to get things done." "But I'm not visionary, inspiring, or anything close to a genius and most things I get done are meaningless." "I know! I'll stamp on someone's... — read more
Return to office reducing bonus
There are rumblings that to drive returning to the office, they will be tying at least some portion of your bonus to being in office 3 days a week. Anyone else hear anything like that?
Finally…good news??
“79% of employees look forward to interacting with their teams each day 64% are happy with their work-life balance 60% say their work environment is positive” Does anyone know about this survey?? Who the heck did they speak to?... — read more
HR has fallen off a cliff
The absolute worst HR ever. It keeps getting worse. They can’t even do the basics without screwing something up!
Micromanagement is the way
Finally senior management understood how to reduce expenses!!! Micromanagement is the way!! Remove any spending Authority everywhere to anyone and let 10 people check and authorize everything worldwide! Such geniuses!!!
Corebridge Separation
Anyone have any thoughts on the Separation project being handled by Accenture, Avanade, Deloitte, and probably other 3rd parties?
Private Client Group Layoffs of 10%
and Claims outsourced to Sedgwick. What locations were impacted?
Actuary leadership kisses up and kicks down
And are afraid someone will realize
Corebridge Layoffs
To track Corebridge Layoffs. Ultimately to meet their numbers AIG will start playing the number dice on Corebridge. Small numbers are happening. Large numbers could happen. They say they are recruiting and on the other side they are letting go... — read more
How much money PZ siphoned out in 2022?
I'd bet it's close to $100M, hahahaha. What a clown show...
Repeat this mantra often: The more AIG spends the more Accenture earns!
Accenture "aid" is very, very expensive and can't garantee any particular benefit to the overall picture. The smart idea of our top management was to rationalize the processes and then let AI and automation do the rest (accenture was supposed to be... — read more
Random Reorg
https://riabiz.com/a/2023/6/6/after-13-years-in-the-shirl-shadow-ed-swenson-gets-a-mandate-to-grow-a-20-billion-corporate-ria-as-old-aig-ibd-unit-advisor-group-reorganizes-and-seeks-new-brand-identity
Cheaper employees as a "solution"
This place is a major source of frustration. It is painful to watch how they find ways to replace talented employees with cheaper ones. This way they achieve some short-term goals, but what about long-term planning for this company?
Actuary leadership are all about the kissup kickdown
Spend the day kissing up, destress from all that kissing up by selectively kicking down a few who can't do anything about it
Whose decision is it?
Does my direct manager have any say or input into who's getting laid off?
July 2023 Layoffs
The goal is to track all the July 2023 layoffs. The goal is to make employees look like fools in front of Accenture and have Accenture take over all the jobs in their factory.
Feeling of stagnation
My mistake is that I stayed here longer than I should have. I might be wrong, but now I think that I would have probably made more progress in another company. I've stagnated a lot and I doubt that I'm the only one here who feels that way?
Is this how things work all the time?
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... — read more
Lipstick on a pig
Compared to other peers in the market, AIG earnings seem very, very poor to me. Often they are the results of one-spot sell of assets. if you sell the family jeweley, that's not earnings, that's just being desperate. Exactly. I foresee many more... — read more
I mourn for the old AIG
This once outstanding company has fallen into the abyss of incompetence, thanks to blind managers devoid of even an ounce of experience. It's infuriating to witness the decline of an institution that was once a beacon of excellence. The current state... — read more
It’s amazing the orchestrated sell off of AIG assets
They should have hired PZ instead of Liddy in 2009. Do you think everything will be sold and AIG dissolved in 5 years when PZ’s contract expires?
AIG to sell Validus for $2.985 Billion
From Insurance Journal July 2018: American International Group Inc. said it has completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings. The $5.56 billion all-cash transaction was first announced in January, about... — read more
Title inflation is so cute
It's so cute how the titles are getting more and more inflated
All planned to make Accenture take over
This goals have all been set to make so that employees fail and get laid off. Management want Accenture to take over everything and not concerned about employees. Employees are slowly disappearing and the company is not talking about it. If they make... — read more
The only ones left are those who can't land another job
I don't think there are many of us who aren't looking for other opportunities and who still enjoying working here. How long have you been looking for a new job? I still can't find anything better and I'm feeling a lot of stress because of... — read more
What happens when PCG becomes PCS
So what happens to the PCG employees when we are sold and become PCS? Supposed to happen in 3rd Qtr and our managers are telling us they know nothing except the very top management? What will happen with Claims? Rumor has it that an outside firm... — read more
Management Happy with Layoffs
Management is happy with the layoffs and outsourcing. Means higher stock price and easy money for allocated stock options for senior management. The management is expecting more layoffs until the end of the year that way don’t need to make formal... — read more
AIG isn't really aiming for the stars
Instead of striving for greatness, we seem to be more focused on just being average and cutting costs wherever we can. Mediocrity is what it's all about at AIG. Do you know of one company that managed to survive and grow with such a business... — read more
June 2023 Layoffs
To track June 2023 layoffs. Atleast 500 to 600 employees will be let go. This is to help some summer savings for the company and claim as expenses for next quarter to show profit. This will also create an average employee productivity hours... — read more
RIFs today? May 8
Are RIFs happening today? If so what group?
Using ChatGPT to layoff staff
The management might consider ChatGPT to provide a list of people who should be laid off. This makes the layoff more automatic without any emotions and promotes the company to make decisions without emissions. Accenture will be helping with this... — read more
AIG beat earnings forecast by 15%
Thank you all of you layed off for helping make our stockholders' pockets happy. Your sacrifice is appreciated. Thanks, Pirate Pete.
Who’s next?
CBRG, PCG and now CRS. What’s going on with all this trimming? At this ace there will be nothing left in 5 years.
AIG Number 1 Again!!
In executive compensation. PZ pulled down $75,314,199 in total compensation in 2022.
Microsoft issues
How can it be days before resolution of the Microsoft issues preventing folks from doing their jobs?!