AIG (American Intl Group Inc.) Layoffs

ELT Reshuffling

Big moves at the top of the house today under the CFO. I wonder if this is the start of something bigger on the finance side..

AIG bombed again on 1st quarter results.

What's going on now? Will AIG layoff again to make up for the difference? That's what usually happens.

CTO gone

CTO out at AIG. Will drive trickle down change in IT.

H1b- How lovely to not be an American

While US employees at AIG are laid off in droves, the company's filings for H1b for even such jobs as Business Analyst goes on unabated. Do you think you will convince anyone that there are not any Americans workers who are well qualified to be... read more

CEO compensation in 2017

$67.3 million to the old and new CEO. Great job guys!

Scumbag move

The Supreme Court handed a defeat to former American International Group Inc CEO Maurice "Hank" Greenberg, refusing to hear an appeal arguing that the federal government illegally bailed out the insurer during the 2008 financial crisis.

MAJOR LAYOFFS AT BERKELEY HEIGHTS OFFICE

Major layoffs are expected in the BH office within the next year (think Parsippany a few years back). Need to make room for NYC/JC employees in order to save more money with AIG's real estate footprint. Hearing up to 1/4 (whole floor) of BH staff to... read more

Too Quiet

It's been too quiet. Is this a good thing or just a calm before the storm? Anyone hear of any upcoming cuts?

FUSION, PAD & RRD LAYOFFS

Fusion will be "out-sourced" overseas by 2020 with PAD & RRD

Clean Slate?

Anyone being trained for the new AIG Blackboard Insurance? This is the first I've heard about it. www.blackboardinsurance.com. Looks like they are hiring.

Major layoffs incoming to AIG

The PAD and RRD departments will also sustain major layoffs in the next few quarters...the goal is to have many of these departments moved totally overseas by 2020 If your a manager with the majority of your underlings overseas, do you think that... read more

AIG Internal Audit Layoffs (January 2018)

People in the Houston and Nashville internal audit department January 2018.

Update?

new layoffs must have been announced as a couple of former colleagues still at AIG reached out to me this week after a long spell.

Continuous layoffs

layoffs have been going on (continually) in Finance. Kept very quiet. I do expect layoffs in Q1 2018 given our latest quarterly results. Layoff people earlier in the year so you don't have to give them a full bonus for the year. There's little doubt... read more

AIG-Clearwater Spells Doom for NY/NJ/Wilton Investment Tech

The AIG-Clearwater deal spells doom for most ex-Wilton NY IT workers. The idea is to outsource the mess that Wilton executives were originally tasked with fixing (but instead they just inflated the mess.) The BPO deal will mean hundreds of cuts... read more

Vendor issues

http://m.economictimes.com/news/industry/tech/ites/us-conduent-sues-cognizant-for-contract-breach/amp_articleshow/58288724.cms HCL and cognizant (both heavily in AIG) are being sued for hundreds of millions for their "work. After these companies sue... read more

At some point, we'll move all work to Asia

And, folks in Asia will make salaries, bonuses. Americans will just continue to pay the bills.

AIG Tech Reorg Updates

What do we know so far (Disclaimer: I left in 2015)

So sick of this shyte!!...AIG needs to stop with the constant layoffs

Company needs to be leaner? Fine, rip off the band-aid but for pete's sake stop with the constant threat over everyone's head! Just had to vent - crap has been going for 10 years as if no one realizes it has destroyed any possibility of good morale... read more

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

AIG returns to glory days (well, senior pay packages do, anyway)

It will take a lot of layoffs to offset these packages.

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

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

July layoffs

senior people being let go today in NY.

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

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?

Dispatch Team - Severance Package

Do you have details here? On Severance? Please share.

Trading and critical financial systems went down for almost a day last week!

When you lay off the ppl who built & manage them, poorly manage the remainder until they leave on their own, run a rudderless IT shop, and have remote-working senior managers (from all over God's green earth)deciding who stays or goes, who is left to... read more

AIG (American Intl Group Inc.) Layoffs

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