Thread regarding ACE-Chubb (Chubb Corp.) layoffs

No longer the place to be and not the place it once was

Job cuts have been ongoing since March and continue to happen throughout the summer and fall. Rumor has it that if you are let go in 2017 the package is 4 weeks pay regardless of years of service. So I guess these folks are lucky because now they get 2 weeks for every year. Any one have any info on this rumor? please advise.

Additionally, many internal people trying to apply for postings within are having little or no success in the event that their job is eliminated. They are in one mode cut cut cut in order to make the numbers.

by
| 4056 views | | 6 replies (last )
Post ID: @OP+Ir3OiU0

6 replies (most recent on top)

Once upon a time there was a company called chubb insurance where employee were respected and valued and you felt like giving more and more to company, then there was alien attack and we all felt like we lost our identity but became a number, feeling so useless, morale killed. we are being shot at our soul. People get so greedy in this world that they will have their own billion at the cost of let others loose everything. Remember life is a spiritual journey we are all moving from point A to point B. Live and let other live. This new boss has hurt and will be hurting so many people, but God forgive them as they don't know what they are doing.

by
|
Post ID: @1bbml+Ir3OiU0

They don't know what they want--so I'd stay flexible and always look out for something else.

by
|
Post ID: @Agtt+Ir3OiU0

My advice to a new employee is to keep your resume updated. Never stop looking for other outside opportunities. Consider all offers. This place is going to volatile for the next 3 yrs at least.

by
|
Post ID: @znmo+Ir3OiU0

First deal is always the best deal. Greenberg would put live puppies in a blender to make numbers.

by
|
Post ID: @webz+Ir3OiU0

What advise would you give to a new employee? I know change is tough but how can a new employee survive

by
|
Post ID: @upml+Ir3OiU0

Today Evan said the 750 million in savings in the next two years will be made by consolidating offices and layoffs. He said they are halfway there with 1500 so far. Operations, hr, it, and some other duplicate functions will bear the brunt.

by
|
Post ID: @gqpd+Ir3OiU0

Post a reply

: