Thread regarding AIG (American Intl Group Inc.) layoffs

RIF'S FOR 2020

I have heard that there are more RIF's scheduled to take place in 2020. My source didn't know what LOB are department but that more are planned.

by
| 2472 views | |
Post ID: @OP+12vrsmLI

23 replies (most recent on top)

to Post ID: @Tjqq+12vrsmLI what is the re-inspection team? What line of business?

by
|
Post ID: @Tdwp+12vrsmLI

Yes RIFS are here. They just let go the entire re-inspection team (what was left of it anyway) and are in the process of taking company cats away from field folks. No rhyme or reason. They gave them 3 days notice and turned their phones and computers off the very next day!

by
|
Post ID: @Tjqq+12vrsmLI

More RIF's to come in Feb

by
|
Post ID: @Hyyr+12vrsmLI

To Finance and collections will announce rifs and restructuring 1st week of February to help the 1Q20 bottom line
However along with the rif's will come another announcement that they are creating a new Senior Management role to help keep the top, top heavy

by
|
Post ID: @rmny+12vrsmLI

Finance and collections will announce rifs and restructuring 1st week of February to help the 1Q20 bottom line

by
|
Post ID: @rwzn+12vrsmLI

To Post ID: @12vrsmLI-ovjm the rumor is true. They began today. It's going to go on and on all through 2020. There is more restructuring that is going to occur and there is a lot more RIF;s that are already in the works to take place. Sad but true. Eventually there will only be management and senior management. Can you imagine them having to do work or work a file.

by
|
Post ID: @pngb+12vrsmLI

Rumor has it that the RIF's for 2020 have begun. I just over heard this from an Adjuster

by
|
Post ID: @ovjm+12vrsmLI

Rest assured, so-called leadership will take care of their own. The rest of us are expendable. More offshoring to India, to the Phillipines. More RIFs are a certainty. Headcount projections show net 5 to 7 percent reduction for 2020, at least a couple thousand people.

by
|
Post ID: @ltsq+12vrsmLI

What is happening to PCG?

by
|
Post ID: @llde+12vrsmLI

I saw an AIG ad for Private Client Group in Houston. Maybe you could move.

by
|
Post ID: @lfle+12vrsmLI

Watch out PCG

by
|
Post ID: @lljo+12vrsmLI

To Post ID: @12vrsmLI-ktzk: yes, I was with AIG when they took my Company car away. But as I mentioned, this happened many years ago and oh look, it’s still happening! The Company was more human back then, unlike the Senior management of today.

by
|
Post ID: @kzvd+12vrsmLI

To Post ID: @12vrsmLI-kqiq, what I am hearing is that we won't get a stipend under this regime. Just wondering it you lost yours at AIG? They could care less how much of a blow it is to our finances. But they care about promoting their buddies.

by
|
Post ID: @ktzk+12vrsmLI

Any update as to what LOB’s will be RIF’d and when this might happen?

by
|
Post ID: @kdyv+12vrsmLI

Lost my Company Car years ago under a different regime. But, they did give us a stipend of $7,500 to help ease the pain. Still it was a blow to my finances to buy a car, insure it and maintain it. It’s a huge perk to lose. Sorry to hear.

by
|
Post ID: @kqiq+12vrsmLI

I bet they are trying to force people to voluntarily leave do they do not have to pay a severance package.

by
|
Post ID: @kndh+12vrsmLI

To Post ID: @12vrsmLI-kufq. You have to have a certain amount of business miles. However, I see this as unfair because one of the reasons I took my position was because of a company car. They should give some type of compensation for everyone losing their cars because it was considered a benefit

by
|
Post ID: @kwyt+12vrsmLI

Are they taking away all of the cars?

by
|
Post ID: @kufq+12vrsmLI

Yes RIF's are coming in 2020. I have heard that they can begin as early as next week, Jan 6. In addition they are taking away vehicles from field employees. Imagine that. You were hired and one of the benefits was a vehicle. That was a benefit and now they are taking that away from field employees. I guess it makes sense because PZ just got a big promotion, raise and of course it correlates to a big STI for him as well as LTI and more stock for him.

by
|
Post ID: @kyrl+12vrsmLI

Is this a joke? The RiFs have been ongoing for about 8 years now. Rest assured there are more to come.

by
|
Post ID: @2tow+12vrsmLI

I wouldn’t be surprised if they RIFed the week of Christmas

by
|
Post ID: @2wyj+12vrsmLI

Throughout 2020. same as 2019. It's just nothing but the same old bulls–t

by
|
Post ID: @1puj+12vrsmLI

Scheduled when?

by
|
Post ID: @zii+12vrsmLI

Post a reply

: