Thread regarding AIG (American Intl Group Inc.) layoffs

IT

Any news of IT restructuring? Incompetents from TIAA were brought in with big salaries. What about them?

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Post ID: @YSEAgWq

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IT leadership contracts say if they cut x hundred million out of budget, they get big bonuses going out the door.

Relocating a bunch of IT jobs out of NY and NJ to southern offices. Funny if they think they will fill those roles easily, as the related cities' tech job boards are well aware that working here is no bueno. Even TAP analysts are leaving before their terms are up.

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Post ID: @YSEAgWq-aamm

Not sure about TIAA, but for IT, there is a big outsource deal that will emerge this week. This deal also proves its not about keeping or retaining successful teams, but it's all about the bottom dollar and attempting to spin off Outsourcing to an outside company as financial savings, when it clearly is not and just shifts money from one expense to another expense that can be spun in such a way it appears as savings. Unless this outsourcer makes an attempt to retain the existing staff, their likelihood of success will be low and may take a while to even show anything positive.

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Post ID: @YSEAgWq-2ffo

Teacher’s Insurance - provided insurance and retirement plans for the majority of school and college teachers.

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Post ID: @YSEAgWq-1pxd

TIAA is another company. There are/were many ex TIAA employees that hired at AIG with nice salaries and bonuses. And of course, they also brought in there own people/referrals who were also from TIAA.

https://aig.gcs-web.com/news-releases/news-release-details/aig-appoints-betsy-palmer-svp-and-chief-marketing-strategy

https://blogs.wsj.com/cio/2015/06/22/aig-hires-tiaa-crefs-annabelle-bexiga-as-commercial-insurance-tech-chief/

https://hmgstrategy.com/network/people/suhas-yerra

Those are just a few...

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Post ID: @YSEAgWq-1zhg

For clarity, please elaborate on what is TIAA? This company is big on acronyms, hard to remember them all.

Thanks.

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Post ID: @YSEAgWq-rai

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