Thread regarding AIG (American Intl Group Inc.) layoffs

MORALE DOWN SO LOW

I have worked at this company for more than 20 years and have never seen the Morale so low. The way most of the employees are treated is a sin. They RIF the workers and add more work to the remaining employees. No bonus for that. Raises are a joke unless you are management. The salaries and bonuses that senior management get are also disgraceful and unheard of. Yet they nickle and dime the majority of the workers and most workers haven't seen raises since 2008 and if you have it's been very minimal. You are treated like a number at this company, not a person.

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Post ID: @11x3MBEe

13 replies (most recent on top)

Layoffs can be traumatic. This website provides information, insights, shares warning signals, and advise. And the good old fashion slam of the company itself offers a good dose of reality that also helps! So.. if it’s not your cup of tea don’t drink it!!!

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Post ID: @11x3MBEe-2bsm

to Post ID: @11x3MBEe-2ntp why don't you mind your own business and stay off the website. The website wasn't meant for people with your kind of attitude.

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Post ID: @11x3MBEe-2kfx

If you’re tired of AIG and miserable? Quit and stop complaining. This website is a joke.

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Post ID: @11x3MBEe-2ntp

I disagree with Post ID: @11x3MBEe-1qkk. You must be part of management. You went off on some tangent when the post was about the morale being low. I don't believe it's right to make a profit at the expense of the working employee. The board has not a clue what's going on in this company. They are blind sided because BD and Senior Management aren't transparent to them or to the employees in this company. There may be a short term profit shown from all the RIF;s but in the long run, the stockholders aren't going to be happy. Time will tell and I am sure time will prove your speculation wrong.

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Post ID: @11x3MBEe-2gez

I would concur that I was paid well for what I did at AIG. The work load was reasonable. My manager was great. The people I managed in the field were high quality. However it is still a big company , so it is reasonable to conclude different folks have had a very different experience.

It is difficult to evaluate how effective senior management is. The stock price was in the mid thirties last year and is now in the mid fifties. So they have at least managed to convince stockholders that things are on the upturn. The insurance side frankly suffered the last few years from horrendous underwriting 6-10 years ago. For some time the company was writing everything and everybody to bring premium. The problem was that they wrote a lot of bad risks with bad claims. Coupled with low returns in the market, this led to a lack of profitability. So they had to look at eliminating lines of business that are not profitable. I was on the worker's compensation side. Very unprofitable business in general for many years and for many companies. Many times companies write the workers comp as a loss leader to obtain other profitable lines as part of a package. When you dump writing workers compensation, it makes sense that you eliminate worker who service workers compensation . For the workers compensation you keep it make sense to have it serviced by lower cost TPAs than in house. I would agree that stacking senior management with high priced talent while downsizing the rest of the workforce does not look good. However it this results in profit, the company is doing the right thing for the stockholders who they are in business to make money for.

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Post ID: @11x3MBEe-1qkk

After 15 years I just want out. Just give me the RIF and you’ll never hear from me again. AIG isn’t a sinking ship. It’s a ship lost at sea with no direction.

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Post ID: @11x3MBEe-1gac

Morale continues to go down. What a slap in the face. All these RIF's yesterday, but they continue to bring on excess Senior Management and create Senior Management jobs. Shameful

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Post ID: @11x3MBEe-1usm

Work slowdown for the next month

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Post ID: @11x3MBEe-1muw

Hm let's think..career opportunities, more challenging work, increased compensation, being truthful about the work from home option which isn't objectively true. Maybe you're the type who enjoys doing mindless easy work, but for those who actually want to make something of their careers, sitting in your cubes and being told "it's your job to be at your desk" Isn't going to cut it.

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Post ID: @11x3MBEe-1jfv

Please elaborate on the below... Title and how were you rewarded? Pat on the back and a lollypop...?

— Never had an issue and I have been getting rewarded for what I do.

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Post ID: @11x3MBEe-1yat

The problem with AIG is that the culture is a culture of mediocrity and values managing up more than authentic leadership.

Most of the middle management are people who look like they belong on a corporate poster from the 90s. Dusty people who claim they strive for quality under the guise of "productivity trackers" and "scorecards"... and if you get below a pointless percentage there's a sitdown kitty-sh– baby talk about it. Yeah, when people figure out smarter, more efficient ways to do things MAYBE mistakes will happen and MAYBE if our software wasn't complete garbage there wouldn't be a need for "scorecards"... most competent applications should have a create, read, update and delete functions. If the employees don't have the ability to "delete" their mistakes, like most applications have, they would be able to fix their mis-keystrokes.

Am I ignorant on this or am I just expecting to much from this alternate ret*rd reality?

It's gotten to the point where I can't even use my experiences at AIG to look for other jobs because they're having me do elementary school bullsh!t... they know I'm doing elementary school bullsh!t and I believe they don't want me to tackle more because it will throw off their comfortable turn-around time expectations.

From my personal background and culture...that's some real p#s$y sh–. And I'm tired of hearing that, "when you have a family you need to do what you can to keep your job b.s." if you plan to make your entire career and livelihood at a sinking company like AIG, why would you even want a family?

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Post ID: @11x3MBEe-1umy

To Post ID: @11x3MBEe-uza, well aren't you special. That isn't the case for most of WC Claims.

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Post ID: @11x3MBEe-plx

Never had an issue and I have been getting rewarded for what I do.

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Post ID: @11x3MBEe-uza

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