Thread regarding AIG (American Intl Group Inc.) layoffs

I regret taking a job at AIG!

AIG is the worst company I have ever worked for. $0 raises and not even full sti despite always meeting expectations on review. Their excuse is there was not enough money to pay full bonus. They are so cheap!

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| 1581 views | | 12 replies (last April 17)
Post ID: @OP+1riApKy8

12 replies (most recent on top)

Not all that apply for the early retirement will get approved.

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Post ID: @Nbmd+1riApKy8

It was the worst experience of my career and layoffs came in drips and dabbles constantly. Occasionally a chuck of folks were given the boot but every year like clockwork the ax came down somewhere.

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Post ID: @6gnp+1riApKy8

Sadly it is always the same old story. Never enough money to pay the average worker with a cost of living increase and or a decent bonus but their is always magically more than enough money for senior executive management compensation and newly created roles for more senior executives and also let’s not forget the “stakeholders”.
Just dial back your performance to match the lack of compensation and dial up the training or whatever you need to do to improve your work life balance.

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Post ID: @4vud+1riApKy8

I asked to be riffed this year. I don’t have confidence in management, the higher up one looks, the less confidence I have.
AiG prefers people to just quit because then no severance is paid.
Observe the departures in technology, might surprise
some folks. Best of luck to those who remain, you’llneed it.

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Post ID: @3axz+1riApKy8

laid off in 1980s , I am glad i bought the life annuity insurance. Now i have some retire money when i retire. even during inflation the interest will not go less than 4%. Not sure if they have that benefits anymore.

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Post ID: @1ftg+1riApKy8

I got a slight increase for inflation this year and a promotion last year. I generelly get pay raise every 1 or 2 years. it depends in which department you are, how much your manager cherish you and if the company sees you as expendable or not, it doesn't have to be related necessary to your work performance ... But I agree that in general they show not the least care towards the employees, they threat you like a number and they don't even try to hide it.

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Post ID: @1swl+1riApKy8

Come on - is anybody genuinely surprised that AIG could not care less about its employees?! It is a horrible place to work and it has been since 2008. STI pool reflects the market. AIG is well aware of all the layoffs taking place which reflects a worsening job market and gives AIG leverage. Hence the RTW mandates and very disappointing 2023 bonuses. Now we can wait for the RIF announcements coming 2Q.

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Post ID: @1fgh+1riApKy8

PZ and his krew all got theirs! That should be enough for us.

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Post ID: @fxs+1riApKy8

Was AIG’s STI poll funded at less than 100%? For a change CRBG’s was funded at more than 100% this go around

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Post ID: @lbq+1riApKy8

Yup. Despite a "stellar profitable year" and the Company (supposedly) doing better than ever, magically there's no money to pay the very people who make the Company run? Some id--t is probably going to post that you must have deserved what you got somehow. too. Senior Management does not care about us otherwise they would put there money where their mouth is. Everything I see or read when PZ or some other C-Suite say "Thank you for all your efforts" or 'Thanks to you we were able to..." I want to throw up.

Bottom line, they don't care and if they decide to eliminate jobs, some top performers are going to get cut too. And I received top performer rating every year until this year too. All of a sudden, now that isn't good enough,

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Post ID: @zxd+1riApKy8

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