Thread regarding AIG (American Intl Group Inc.) layoffs

Next will be worse than 200

One would think BPs and LLs would be applied to Next since 200 was such a disaster, but this is AIG! Again over dependence on consultants that come with super steep bill rates and their own approach which is already showing what a disaster Next will be. The only way to get to the types of saves being mandated is employee reductions.

by
| 2418 views | | 11 replies (last April 18)
Post ID: @OP+1rAjvDK0

11 replies (most recent on top)

Agree. Early to mid 2000s we employed numerous consultants who asked questions for hours. They demonstrated no real knowledge of the business or its mechanics. I was a senior exec.
After days of interrogatory they presented findings which replicated what we told them. Nothing new or original from the firm which ranked in the top 3. Told my superior of my dissatisfaction and he fired them.
I think we needed a consultant in the second 10 who were hungry.
Anyway zero results and advice for improvment.

by
|
Post ID: @wdmi+1rAjvDK0

This last move the most horrible idea ever three buildings and no one in the offices. That's where they're losing money, rent for empty space!!

by
|
Post ID: @udzt+1rAjvDK0

AIG 300 in planning stages. Goal = get rid of everyone over 40.

AIG 400 is expected to reduce headcount to only folks in NYC headquarters. Everything else will be run by AI.

by
|
Post ID: @tnde+1rAjvDK0

Evidently AIG Next is AIG Nowhere, because little work has been approved. Funny part is, the early retire thing will push out some of the most knowledgeable and experienced folks right when they’re needed the most.

by
|
Post ID: @tlpu+1rAjvDK0

He can save 100m by forgoing his pay for a year

by
|
Post ID: @tpnp+1rAjvDK0

My count is 5 different consulting firms. PZ could save well over $100 m per year by listening to his own SME teams but I guess they cannot see the reality from the top of their ivory tower.

by
|
Post ID: @rchg+1rAjvDK0

Honestly I see HR struggling trying to fill all the vacancies... I don't see where and who they can fire anymore. Most leave due to poor leadership, because all the focus is on business, many managers don't care at all about people and clearly are not trained to retain talents or just address small problems that , left unattended, lead to mass resignations...
They have stripped to the bone the employees chart but still profitability is mediocre....in a time when all our peers are making so much money they don't know where to store it, we are doing "just fine".... Accenture isn't a solution, it's part of the problem, consultancy firms can't reduce costs, it's plain stupid to ask them to do so, they just want to milk the company the more they can before they are kicked out by the next CEO. About AIG next... I think they will push more and more on automation, their dream to erase people e make money from thin air. You wish!!!!!

by
|
Post ID: @4ieg+1rAjvDK0

The lack of leadership is staggering. Easy to coast around here and do nothing the past few months.
If they want to fire people, start with the bloated bureaucracy, as well as the so called consultants, who do nothing except bug those doing actual work and then take credit for other’s work product.

by
|
Post ID: @3pro+1rAjvDK0

Another reason to spend big money on consulting firms. AIG 200 was meant to push this company for another 100 years after AIG celebrated 100 years a few years ago. Next is for how many more years ? :) guess we will all be gone no one plans a 100 years ahead..

by
|
Post ID: @2rvy+1rAjvDK0

Post ID: @1ofe+1rAjvDK0 You need to use that T-shirt to wash your dog with. Why wear it while you're washing your car or mowing the grass when it's too embarrassing to have neighbors see it ??

by
|
Post ID: @1bqq+1rAjvDK0

I still have my AIG 100 t-shirt. I wear it with pride ... when mowing the grass, working on cars, etc... ;)

by
|
Post ID: @1ofe+1rAjvDK0

Post a reply

: