Thread regarding AIG (American Intl Group Inc.) layoffs

Too Big to Fail? More like too small to survive

The guy making six figures has to work with an uninspired workforce already under the gun after all the RIF's creating a stressful workload. It took years for Hank Greenberg to build up the company. Granted he made mistakes with the derivatives but he wasn't around to fix them either. You have all the ingredients for a terrible 2019. Perhaps, AIG could merge with another company. Nothing would surprise me at this point. They have a bigger mess than September, 2008. The company still had the revenue then to payoff the government. Downsizing and selling off assets has provided no other alternatives but to cost cut. Too Big to Fail? More like too small to survive.

This post was taken from another thread and reposted. Thought that @WrAl7Tl-2nvv was on point

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Post ID: @WtD6axf

4 replies (most recent on top)

What happens to the company when the managers leave or retire? RIF the employees and you are solely dependent on managers to get the job done.

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Post ID: @WtD6axf-8hug

Too top heavy to survive. Such waste at the top. AIG is shrinking in more ways than one every single day.

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Post ID: @WtD6axf-7tca

There is no spirit of giving at AIG. Some offices have parties, others don't. This company that I truly loved when I started is on a destructive path. BD goes to Bermuda in the same week as a big RIF. As you know, travel has been restricted in the past 5 years. I wish everyone a happy, holiday season but don't plan on retiring from AIG. Treat every day like it's your last one. There is no reward for hard work. Bust your butt and you still get Rif'd. One friend of mine in her 60's worked there 33 years. She received a call on 11/29 and was gone in 20 minutes. Her phone and computer were turned off an hour later. The review process established in 2010 is a piece of work. You have to set your goals and meet them unless your manager sets them for you. I always thought the manager gave you a review and rating and pointed out your successes and failures. Then they set your annual increase accordingly. Not this company. Most employees loathe the process.

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Post ID: @WtD6axf-1urp

I agree with your assessment. They even cancelled Chrsitmas parties for all the working schmucks, but I am sure BD will have a nice soiree with the other big wigs.

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Post ID: @WtD6axf-1yjm

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