Thread regarding AIG (American Intl Group Inc.) layoffs

AIG Layoffs 2020

Post any information about potential or actual AIG Layoffs 2020? Any news or rumors?

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Post ID: @OP+125WogIv

32 replies (most recent on top)

With the bonuses Senior Management received, the employees should get another $500 grant. They can write it off.

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Post ID: @2unfu+125WogIv

They keep bringing in new consultants just to tell them to lay a ton of people off so they can inhh gg late their bonuses waaay beyond what they deserve. Look at the annual report and post on this site. Leadership got 200% STI.... I bet most of the people barely got 100%

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Post ID: @2ulbl+125WogIv

With all the work being sent overseas, I see another big layoff happening soon.

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Post ID: @2osgx+125WogIv

Can anyone advice on current situation... how AIG going to handle current scenario

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Post ID: @22jwk+125WogIv

Worked at AIG in finance 2007 to 2012. Saw some of the most inept leadership who I wouldn't want working at my local 7/11. CFO of my business group said in early 2008 the company had limited exposure to real estate market. Either a liar or really dumb or both! He even put it on powerpoint! The less you know the more you get ahead. Not what you know but who you know at AIG.

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Post ID: @1Vwba+125WogIv

Coronavirus will accelerate the RIFs and there will be little to no investment to move the company forward. Employees are now screwed for some time as hiring at other places will quickly dry up. Yet the Execs will get their huge pay packages

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Post ID: @1Snvi+125WogIv

Wish it were otherwise

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Post ID: @1Onvr+125WogIv

Layoffs are a fact when working at AIG more so than other places. One thing I have noticed in my tenure is a preoccupation with reorgs and Game of Thrones management power struggles than actually running the business and supporting areas like IT. What concerns me is that key positions like CIO are occupied by blokes who arent just ignorant but are actually stupid.

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Post ID: @1khbd+125WogIv

I agree with Post ID: @1gbgs+125WogIv. Not only is this the worst leadership, but they are by far paid the most with more senior leadership than we have ever known and more created positions than we have ever witnessed. Very sad.

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Post ID: @1gnjc+125WogIv

All I know is leadership here is by far the worst I've ever seen. AIG should have gone the same path as Bear Stearns.

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Post ID: @1gbgs+125WogIv

to Post ID: @125WogIv-Vxff I agree. If you handle claims, beware, the new direction is to have most of the new business go to TPA's. It's happening little by little and not much of new business is coming to AIG Claims Services. We are writing the business but it's going to TPA's.

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Post ID: @Wmtb+125WogIv

Get out while the getting is good, unless you are waiting for a RIF package

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Post ID: @Vxff+125WogIv

The execs hire their friends, give them big pay packages and relo, and give everyone else the shaft. It's basically a nepotic dystopia. Let's give the Accenture folks coming on board at big round of applause, as I hear they have all the answers. Not.

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Post ID: @Vrsq+125WogIv

The RIF's are here and had begun this week. More to come this month and continue throughout 2020. They want to make this company very lean Except for Senior Management, of course.

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Post ID: @Rdax+125WogIv

BH lease may not be renewed. Most of the company will be working remotely from home.

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Post ID: @tehf+125WogIv

Probably 5% reduction a year for the next 3 years!

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Post ID: @snau+125WogIv

When you say Berkeley Heights going away, what do you mean? Are you saying they're not renewing the lease and everyone work from home? Or, everyone in BH getting riffed, no matter the dept?

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Post ID: @rpys+125WogIv

I expect 5% HC reduction. Berkeley Heights will go away. Offshoring IT and Finance functions will continue. Automation will make more people redundant. Anything else stated by stuffed shirts is BS.

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Post ID: @4puq+125WogIv

I heard something about reorgs in multinational. Would make sense with the new person coming on

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Post ID: @4wov+125WogIv

If it is only CA I would not be to concerned. People should be moving out of the state anyway.

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Post ID: @3fiq+125WogIv

The wheels have fallen off the bus, we're all gonna die, panic panic panic.

Situation normal.

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Post ID: @2tqy+125WogIv

Adjuster lay offs were in CA that I know of but maybe other states as well

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Post ID: @2xjp+125WogIv

what parts of the country are the lay offs

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Post ID: @2ith+125WogIv

Medical Management Services. They handle managed care for Workers Comp claimants. Since WC adjusters were riffed, the question is what is going to happen to the services that support the Workers Compensation business.

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Post ID: @1zrp+125WogIv

MMS ???

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Post ID: @1cqg+125WogIv

Will all of MMS be outsourced,

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Post ID: @1dit+125WogIv

Hearing layoff MMS end 2019 early 2020, not sure if tumor true but that's what I was told.

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Post ID: @1hss+125WogIv

I would say anywhere from 2k to 3k people being laid off next year, more after that too....just a rumor though. Unless the top line grows dramatically

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Post ID: @1ats+125WogIv

Where were the adjuster layoffs?

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Post ID: @1abg+125WogIv

More adjusters were laid off yesterday and today in WC

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Post ID: @1lnu+125WogIv

Are you......a .......robot???

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Post ID: @haz+125WogIv

Everyone will be replaced by robots.

Customers won't notice a difference.

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Post ID: @bpc+125WogIv

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