Thread regarding AIG (American Intl Group Inc.) layoffs

Layoffs under the radar

AIG has learned to stay under the radar but not doing RIF all at once. I am a 20 plus year veteran and they will continue mid 2019 I am told. No unit is safe from RIF's AIG is not writing many business as they did before. Also with the extensive wildfires in CA was is our exposure? I am sure it will be a few hundred million dollars. They have a target number and they will meet that number by mid 2019 once the smoke clears what will be left to manage. Good luck

A truthful post by @WkMHxqR-1okj . I felt it needed its own thread

by Anonymous
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Post ID: @OP+Wlo18LH
Comment! It's anonymous!

3 replies (most recent on top)

Thursday was my first date for the RIF. Friday is looking more like the realistic date. Each Group decides independent of one another and managers don't discuss what's happening between them. I think this is more than a rumor. I'm hearing numbers. Your tenure at the company has very little significance. Wall Street doesn't reward companies that profit from cost cutting. They want to see revenue.

by Anonymous
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Post ID: @1eco+Wlo18LH

There are rumors of layoffs for Thursday, and more still to come. They will continue through 2019

by Anonymous
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Post ID: @edv+Wlo18LH

It’s just par for the course. And yes, doing it piecemeal every other week avoids the “AIG Lays Off 2000” headlines.

“Managing headcount” as they prefer to call it, will continue for years to come.

by Anonymous
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Post ID: @gkz+Wlo18LH

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