Thread regarding AIG (American Intl Group Inc.) layoffs

Managers see their bonuses go up for RIFFING people

Yes. Managers see their bonuses go up for RIFFING people. It's actually a big component of their yearly goals. Just saw employment report shows a record number of people voluntarily left their jobs in December. I bet AIG will have its share of voluntary leavers after STI is paid. Many I used to work with are actively looking and interviewing.

A short but an accurate statement by @WkMHxqR-Dhio . Couldn’t agree more.

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| 1391 views | | 16 replies (last )
Post ID: @WXq7eNe
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16 replies (most recent on top)

You are absolutely incorrect and should not make inaccurate comments like this. I was with AIG for 19 years and began having to reduce staff in 2010. At nomtime did I receive additional compensation due to staff reductions. Every dept. works within a budget based upon actual staffing at the time STI payouts are about to proceed. Employees that are part of reduction are removed from the budget and those funds are not available.

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Post ID: @WXq7eNe-7eco

No wonder they worked hard to get rid of people!! As expected of course

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Post ID: @WXq7eNe-7pyv

they just get a bigger pool of money allocated to their unit for STI. More work for the employees they manage not for them

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Post ID: @WXq7eNe-4rnf

I can personally ascertain that Managers do not get bigger bonuses for riffing people. That is complete nonsense.

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Post ID: @WXq7eNe-4dto

That is what they are looking for, they will take care of the employees they really need.

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Post ID: @WXq7eNe-4wmh

No bonuses would mean a massive walk out. Why don't we have an AIG unuion.

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Post ID: @WXq7eNe-3hbc

@WXq7eNe-2hwn

Fake news unless they want to speed up attrition and save on exit packages

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Post ID: @WXq7eNe-3fkq

fake news?

reliable?

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Post ID: @WXq7eNe-3cqh

No bonus this year, save your pennies.

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Post ID: @WXq7eNe-2hwn

Really?

I'll have to ask about that. Not sure that is right (despite the glee you seem to take putting people down based on the assertion).

It pays pro rata through the year (and full late in the year) if your retire or leave through layoff...

I didn't think it paid for a resignation. I thought other than the above scenarios active employment when declared/paid was a condition of receiving the payment.

But I'll check.

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Post ID: @WXq7eNe-1rif

Voluntary leavers leave anytime. The ones who wait for STI in March are excuse-finders.

STI is paid out in full anytime after Nov 30, 2018 - if you leave before computation and declaration of STI %.

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Post ID: @WXq7eNe-1kjf

Are you kidding me “it’s not that they get extra money” !!! Mind blowing that Someone actually wrote that! Give me a break - it’s sick!!! Go buy a new car with that “extra money” because I sure as hell cant with my severance! Happy new year!

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Post ID: @WXq7eNe-lar

It is not that they get extra because they Riffed someone. Just bigger pool of money /STI frees up when money gets allocated to their department.

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Post ID: @WXq7eNe-aov

KC Service Center could RIFF some Managers. Tiny department and there are 2 directors and 2 managers, that would be a huge savings since 3/4 of them dilly dally most of the day and take some of their cronies too, the ones that also dilly dally. What a joke that center is, a lot of people wander around talking most of the day and fudge their numbers so they look productive.

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Post ID: @WXq7eNe-gas

One Manager I know was "giddy" about RIF's in their dept.

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Post ID: @WXq7eNe-kee

Yes. Managers see their bonuses go up for RIFFING people. It's actually a big component of their yearly goals. - Wow. That's distinguishing. Sick. One would think they could play a better more dignified game? Wow, what a scam.

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Post ID: @WXq7eNe-zgh

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