Topics regarding layoffs at AIG (American Intl Group Inc.)

Topics regarding layoffs at AIG (American Intl Group Inc.)

Why no voluntary buyouts?

Why won't AIG do voluntary buyouts? Normal companies do this. Why no plan, knowledge transfer to offshore contractors? We all know AIG wants to rid itself of tech FTEs. Because of poor execution, now we have skills gaps where we end up having more... — read more 

What are the signs to look for?

I haven't been here long enough to have witnessed layoffs. Not sure I understand this whole Blackstone thing, but I guess it is not good for those of us in Investments+ in L&R? How much notice do you get for a layoff? Just wondering what signs to... — read more 

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| 2630 views | | 5 replies (last September 7, 2021)
Post ID: @OP+1ccRuftA

2 new variants

2new COVID variations Delta plus and lambda so Aig should delay return to office, but won’t as if people die from getting COVID then they will save money won’t have to lay them off just another way to show how they have cut cost

Earnings Announcement

AIG has made great progress in our goal to be the leading insurance company. Adjusted underwriting combined ratio continues to show great improvement, but we were hampered by higher than expected CAT losses. If we maneuver the numbers correctly we... — read more 

COVID and return to office

Option is with return to office , some will get COVID so when you do hire attorney, go to as many doctors as you can, take off on Fmla and short term, have attorney try for having aig pay settlement for endangering your life , the more that go out... — read more 

August layoffs?

Anyone know whether there will be layoffs in August?

Mid-Year Review

Probably the stupidest waste of time I have ever encountered. Are you on track to hit your goals? Yes I'm on track to hit my goals. AIG cares about your career. Really, why then do I outperform my goals every year and never get promoted? Why is... — read more 

Going back to office and drop in motivation

I’m already used to WFH and wouldn’t like to go back to the office for many reasons. I know some of you are not afraid, but I would be really anxious going back in the office for fear of a greater chance of infection, regardless of vaccination. I... — read more 

Welcome back to the office

Looks like they’re bringing us back to the office September 14th. Many other companies are offering incentives to come into the office, or get vaccinated. Sure doesn’t look like that’s the situation from this first announcement. — read more 

Too early to retire, too late to start again

Let me tell you, being laid off while being a middle-aged man (I'm assuming the same is true for women) is a mess. I'm still years away from retirement but I'm at an age where every employer sees me as a potential outdated burden instead of an... — read more 

separation

Any news? Besides investments under LR. So quiet....

What reasons did you have for leaving?

I’m having a difficult time deciding on whether I want to tough it out or hit the road. I started 3 years ago and in those 3 years I feel as if my career has been stagnant and I’m always concerned about RIFs. I used to have a goal of staying for 5... — read more 

Corporate Finance - Any knees?

Been quiet... any rumors of a next round in Corporate Finance coming up? Will it happen before folks start to go back into office in sept??

This blog

This blog is as bad as AIG. I'm am signing off. Aig is terrible and so is layoff.com. just do yourself a favor and delete both from your life.

If you are under 35.....

You are doing yourself a disservice by working here. In 10 years don't say you weren't warned.

When did you lose all motivation?

That is, how long have you been working here without any motivation? It’s really awful to work anywhere just for the sake of payment. Very often I feel sorry for customers, but simply this company no longer provides any motivation for employees... — read more 

Will we finally become inclusive for the best people?

I think that the professional and talented people are a minority here. I wonder why AIG has long treated the worst those who are the best workers? The best people are constantly given more and more reasons to leave AIG, and their positions are taken... — read more 

Can morale get any lower?

I'm not sure it's possible. I've noticed that everybody I work with seems depressed. Our productivity is suffering but how do you motivate people when we have to deal with constant layoffs, a belligerent manager, no recognition for hard work, and so... — read more 

Head of Investor relations

To the people that think there is no elitism or nepotism at AIG, another top executive position filled by a friend from Marsh. Imagine that!

Vacation

Where is Petey taking us on holiday this summer? "Mr. Zaffino will also be entitled to a $195,000 annual allowance for personal use of the corporate aircraft, as was provided to the former Chief Executive Officer, and he will be required to... — read more 

Welcome to AIG...

where you can out perform your team, and your department, while hearing from your manager that you don't deserve to gain more exposure to other areas of the company because you don't know enough about other areas of the company.. A white person... — read more 

Can you be satisfied with just having a job here?

Many times I hear the phrase that I should be happy to have a job at all when I complain about the situation I am in at AIG. That phrase is very comforting. No, on the contrary, I don’t think anyone should be happy to just have a job here. This... — read more 

In memorium

AIG is paying rock star salaries for less than acceptable results. This has been consistent since the 2008 crash. Bob B is the only decent CEO this company has seen in decades and his time here was short. When you are too big to fail, it takes a... — read more 

Earnings

So financial statements can be hard to decipher, someone correct me if I am wrong. Based on what I see, the bottom line was basically inflated due investment income primarily from financial services. The stock market is at all time highs. Also... — read more 

AIG to the moon!!!!

$50 stock price today!!! Those options senior leaders got back in the day are looking good. I hope all employee and ex-employee shareholders dial in to the annual meeting. I’m sure the board will have some insightful and encouraging things to say... — read more 

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| 2060 views | | 4 replies (last May 10, 2021)
Post ID: @OP+1aJpqL5y

Really good advice

You are all getting this wrong. Yes, AIG is a terrible place run by terrible people, but! COVID has moved everything to virtual. Use AIG to pay your bills, get insurance and a matching 401k. Then, work on starting a side business or just get... — read more 

Wokeness at AIG

Stop calling AIG “woke” and acting like people of color have some leg up at this dump. Last year, just months after George Floyd, the company laid off the 4 highest-ranking African Americans on the same day. 2 of which were the heads of diversity... — read more 

GI claims transformation town hall 4/27

Does anyone have any info on this meeting g next week? I have never had mandatory town hall, looks like most claims involved so doesn't look like a layoff

Internal investigation leads to AIG layoffs?

Heard there's an internal investigation ongoing which already led to the layoff of Eric Zheng (China CEO) in 2018, John Carey (China Chairman) in 2019, Chris Townsend in 2020, and is targeting Kevin Hogan or even higher (PZ? Can they do it... — read more 

Allegory

Picture this: A doctor performs brain surgery on a patient every few years, cutting out different nerves and connections each time. Surgery after surgery after surgery. The patient is trying to rehab with what’s left, and the doctor keeps on... — read more 

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