Thread regarding AIG (American Intl Group Inc.) layoffs

Same amount of management, less workers- a “great” recipe

How much more can AiG afoard to cut regular employees while not touching any tier of management? That seems to me that they are cutting the very foundations of the company making it vulnerable. Are they even aware of that simple fact when they decide to thin the headcount more and more?

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Post ID: @YGpnCKU

7 replies (most recent on top)

They keep hiring Senior Management while the RIF's of employees go on. I'm surprised that the shareholders don't see what's going on. I just can't believe the amount of Senior Management and Management in general that we have at this company. They push the employees to the limit and delegate all kinds of work and responsibilities to them. Very little communication from Senior Management and Managers. Once they are hired, very little is heard from them. You wonder what exactly are they doing? Not communicating with the workers for sure!

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Post ID: @YGpnCKU-Mzao

I agree, especially when you consider all the C level executives. There are so many of them and AIG’s answer is to cut programmers, underwriters, adjusters and accountants? Benmoshe cut out so many layers of cost and expanded spans of responsibility, but subsequent “leaders” put it all back.

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Post ID: @YGpnCKU-8njw

When I worked there from 2006-2014 (got laid off 😀😀😀) the department I was in had, if I remember correct about 10 managerial level (supervisors, managers, VP’s, directors) for around 60 people. Talk about overkill. All of which were clueless and didn’t give a darn about anything other than keeping their paycheck.

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Post ID: @YGpnCKU-4rvi

Said well .. the new take on stocks.. ....stocks went down yesterday when the rest of the market was up! Nice work BD!

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Post ID: @YGpnCKU-3iwc

welcome to the new AIG

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Post ID: @YGpnCKU-3ncy

my team has 3 management positions. This is laughable because none of the manager know what we do. They can get rid of all three and we would be fine.

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Post ID: @YGpnCKU-1niy

The base level workers are all in India... soon low lev management will be there too.. All Indian Gang “AIG”

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Post ID: @YGpnCKU-rmw

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