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.
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to Post ID: @Tjqq+12vrsmLI what is the re-inspection team? What line of business?
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!
More RIF's to come in Feb
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
Finance and collections will announce rifs and restructuring 1st week of February to help the 1Q20 bottom line
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.
Rumor has it that the RIF's for 2020 have begun. I just over heard this from an Adjuster
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.
What is happening to PCG?
I saw an AIG ad for Private Client Group in Houston. Maybe you could move.
Watch out PCG
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.
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.
Any update as to what LOB’s will be RIF’d and when this might happen?
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.
I bet they are trying to force people to voluntarily leave do they do not have to pay a severance package.
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
Are they taking away all of the cars?
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.
Is this a joke? The RiFs have been ongoing for about 8 years now. Rest assured there are more to come.
I wouldn’t be surprised if they RIFed the week of Christmas
Throughout 2020. same as 2019. It's just nothing but the same old bulls–t