Who, What, When, Where, Why, and How?
Topics regarding layoffs at AIG (American Intl Group Inc.)
The sad thing is, at least for me, is that the management isnt overtly rude or difficult to get along with. I frankly just feel they're ill-equipped to manage employees who are more prepared for the future than they are. In my situation, the... read more
I've heard there's a new chief actuary, but I see no news of it on the internet. Why is it being kept secret? I don't think the company feels shame for hiring two chief actuaries for the same role within a year.
No wonder raises have been non existent and they have cut back on all the employees benefits. Very greedy and over paid Management with underpaid non management workers. Their salaries along with the STI, Long Term Incentives and additional stock is... read more
I've noticed way more security these past couple weeks. Usually our office building, comprising of a few companies, has security people floating around but lately there's religiously been 2 security personnel outside the entrance to our wing. Are... read more
I heard there were GI layoffs going on today......
The RIFs continue with wholesale outsourcing of its competitive advantages, IT & Operations, where new products could rapidly be brought to market. Only id--ts believes that costs are reduced by outsourcing. The outsourcing company needs to make... read more
Any word on layoffs for MMS, medical side of claims?
...Don't work here. It s---s.
Entire teams in IT being outsourced or vendored out. Pink slips for many people this week. Multiple locations. Any chance we can get more info on this? I haven't heard anything about layoffs taking place this week - what exactly is this referring to?... read more
You can't count on management to tell you anything regarding these RIFs, at least in IT. Those decisions were outsourced and done at a macro level, and approved at a group CIO level. VPs and below were caught completely off guard when their... read more
I predicted they would earn a profit in the 1st Quarter. This is why they turned off the RIF faucet. Good news for now but it is only temporary. Get out while the going is good. AIG is still a terrible company.
May 6 (Reuters) - American International Group Inc reported a 44.1 percent surge in quarterly adjusted earnings on Monday, boosted by higher premiums, improved underwriting in its general insurance business and lower expenses. AIG's adjusted net... read more
I'm hearing about more RIFS happening tomorrow, which has been confirmed by managers . Heard the Fort Worth data center will be impacted by this.
Does anyone know if that Doug Dachille will be replaced? Seems like he is one of the last remaining holdovers from the previous regime. Is he here for the long term?
What Awaits American International (AIG) in Q1 Earnings? 8:13 am ET May 3, 2019 (Zacks) Print American International Group Inc.'s AIG first-quarter 2019 results are scheduled on May 6. Per the Zacks Consensus Estimate, the company is expected to post... read more
Any news of IT restructuring? Incompetents from TIAA were brought in with big salaries. What about them?
I used to be scared of getting riffed . Now I go to bed every night dreaming that I get a package on my way out of this sh-- hole. Ps f--- cheap labor.
In march it was rumored the next round would be in June 2019. By now names would have already been submitted. Still rumors or confirmed at this point?
Working for an office that has a seemingly infinite amount of return mail, which our clients have not received. GREAT WORK management... you would think something like this would have been forecast and dealt with in advance. Now... employees are... read more
Regarding more layoffs, if you have doubts and management won't confirm anything, I would assume the worst given it IS AIG. IT has taken huge hits in past 6 months, and I wouldn't expect the business side to escape unscathed, either. Glad to see they... read more
Work hard $65 per share is our goal. Go go go
How much more can AiG afoard to cut regular employees while not touching any tier of management? That seems to me that they are cutting the very foundations of the company making it vulnerable. Are they even aware of that simple fact when they decide... read more
A possible resource to help identify potential challenges or opportunities for an individuals demographic, age, etc.: https://www.bls.gov/cps/lfcharacteristics.htm#unemp
Yes, AIG WAS great "in the day". I bled dark blue and light blue for over 20 years and was recently RIFd. PJH undid all the good work BB did to restore the company and he had to fight for his salary of $8M. The newbies - people hired since staff... read more
Been hearing from people who are having trouble getting new employment after being laid off by AIG, and it has me worried. Is it truly that hard to find a job in our industry right now? I wasn't worried about being laid off before, but now that's... read more
Any news thoughts ideas or knowledge of RIF’sh--ting locale such as KC SS fka Olathe Claims Processing Center seems to be on site personnel from NY @ constant intervals now for a few months one constant Joe Puleo the morale has all but hit rock... read more
Anyone have any inside knowledge about future layoffs in claims?
AIG just bought 2 corporate jets. AIG about to force relocate folks from northeast.Move with zero relocation or get riffed. Former colleague still there is incredulous. I wonder if this note will surprise the remaining victims who work there.
A lot of people mention that they are overrworked with all the layoffs...but why is it that most of the people around my age group (20s) are bored to death? It's like there's a couple employees on every team who do everything and everyone else is... read more
So many people tout how great AIG was "in the day" - I'm sorry, I don't see it. Riding high it seems so wonderful and yet they failed and needed a government bail out...okay, I've heard all the arguments - it was just a small group bla bla... read more
message given is every quarter until they have reached the acceptable baseline.
BD has been there for almost two years and has produced 6 Negative Surprises. NS is when the Earning of the company is below the Consensus Estimate. He and his team got a bonus for these results. Lay offs continue. What will the BOARD DO???????
Does anyone know? We have been talking about cloud for the longest time. And i think because of this. Our company is moving very slowly to the cloud and affected many people!! What say you?
Apparently we don't have enough board members, so let's just add a few more - Peter R. Porrino, Amy L. Schioldager, and Therese M. Vaughan. And did I mention we have a new executive? Chief information officer isn't enough, let's bring in Chief... read more
And i wonder why did they layoff people from there. Working in a business unit in one of the country i receive news moving forth all IT support for almost all the applications are via AIGSS. Used to be local. Even apps that were initiated and... read more