Every single time without fail they manage to lay off at least a few of by far the best and most productive employees. Then, when it’s time to fill their positions with cheaper replacements (which was the goal all along) it turns out they have to... — read more
They intend to sell the company??
Redundancies also announced for claims and operations in Emea. They are outsourcing core parts of the Company, this cannot be a simple cost cut plan, this seems like a plan to sell all the Company. Time to update the CV pals Looks like I left on... — read more
So nice for them to gives us 4/23 off....
To look for a new job, interview, etc!
Starting around minute 24, this educational video speaks directly to PZ and crew......
Someone posted it before and it is so spot on that I listen to it every few months. The entire 45 minutes is well worth your time, but from minute 24 to 28 or so it screams AIG. There is nothing controversial about it Layoff.com watchdogs so no... — read more
AIG 200
i finally understand what AIG 200 was, firing everyone unil only 200 executives remain! This isn't AIG, THIS. IS. SPARTA. !!!!
EMEA IT were told today it's Accenture or redundancies
The consultation has started and HR will tell us if we're getting the bullet now or TUPE and redundant in 12 months. No concrete information from HR as usual so we're busy filling the vacuum with rumours. We're hearing the usual c––p from... — read more
I thought we were cutting cost not spending $1bn on properties?
https://realassets.ipe.com/news/aig-buys-1bn-us-industrial-portfolio-from-partners-group/10052166.article
Organizational Survey
With the head of hr leaving I am reminded of the "very important" survey we all had to complete. Supposedly there was 80% participation from employees and the results would be shared with the company. Several months later, no survey results and... — read more
What information has been communicated about July layoffs?
Can anyone give more information as to what levels and areas were told they would be laid off in July? Have they already been informed, but instructed not to relay the information down the chain of command? I have noticed some middle management in... — read more
Classy
Here is a great idea.....Let's fire hundreds of people and make them stay until July to receive their benefits, but before they leave let's have a company wide interview touting their replacement (Accenture CEO interview with PZ) just to rub it in... — read more
The only reason I'm still here?
Health insurance. I have good coverage and with a preexisting chronic illness I can't afford to take a risk with a new company right now. That's where AIG is now and how low it has fallen. The only reason some of us are staying is because we are... — read more
Are employees going into the office?
Are the employees expected back in the office this month? Just curious if the work from home was ending. Maybe it depends on location.
Proxy statement
I really need to figure out how to become an exec at AIG. Only company I know where you get 150% of target for losing billions. 🤣 https://www.aig.com/content/dam/aig/america-canada/us/documents/investor-relations/2021/aig-proxy-statement_2021.pdf — read more
Job market for seniors
For former employees that are 50+ years of age how difficult has it been to find a job after being let go? I was laid off and still can’t seem to find anything, not even at a lower pay or less benefits. I understand companies want younger candidate... — read more
IT Layoff
not in IT, but rely heavily on local IT support as the help desk is essentially worthless for anything other than resetting a password. this is a monumentally stupid decision to outsource IT and proves that upper management cares nothing about... — read more
What happened to the person that kept posting “work,work,work and get the stock up”?
Did they sell all of their stock??
Severance
If laid off you get 2 weeks for every year which is fair. However, for PTO, You are paid out only on pto that you accrued and you don’t get the total for the year that you’d get based on time of service. I learned hard way after laid off. I’m Not... — read more
AIG stock over the last 3 years
It is down 10% from 3 years ago. Other insurance companies, Chubb up over 30%, Travelers up 20% to name 2 So Brian and Pete and all the “talent” they brought in actually made it worse. Than Peter H.
US IT jobs eliminated
US IT staff was just told their last day is July 23. Not sure of the numbers.
Get rid of this leadership!
Keep the people who are doing a great job and get rid of those who contribute the least - which is the majority of upper management. There is plenty of fat to cut at AIG but it's not on the bottom. This will save plenty of money and help bring in new... — read more
Another multi-million dollar executive hire this week
Guess another 50 people will be losing their jobs to hire them......
Am I in s goof position as a TAP
Hello, I'm going to come in as part of the TAP program and want to ask people opinions on the company's future? Seeing as AIG is known to let people go, how safe am I am as a TAP? Will I be the first to be let go if it comes down to it? Also... — read more
80 + IT laid off today. Mostly in U.S.
Accenture Borg
Perspective is everything
to the post about 40 people not being a 'mass' layoff....perspective is everything...if you're in another country other than the US - then you're right - it's not a mass layoff.. While AIG may have 40K employees it has been downsizing since 2008 and... — read more
Quality?
PZ harped on this recently as a key success factor for AIG. I wonder if this applies to IT vendors as well now composing half or more of all people in technology. View I see is total lack of coordination between groups, and the vendors seem to have... — read more
This is actuarial
Tall white guys are welcome, blonde women next, if you're a previously hired minority you might be tolerated especially if you discriminate yourself against minorities.
Out of Here
I'm leaving. After almost 7 years I'm outta here. I was lucky, got paid for 7 years. Although never got a raise - was told someone else on the team (who was a higher grade) made less than me. Not my problem! But still, I was left to let it... — read more
Over/Under
STI is paid this week. That means that the AIG annual report will have to list the STI bonus amounts of the top execs in the report that usually comes out in March. Last year the stock was down about 50% since BD took over and top execs gave... — read more
Is the worst behind us?
Is there any information about layoffs in March? I am under so much stress that I no longer have any motivation to work, and the pressure is so great that I would rather resign immediately just so I don't have to go through all this uncertainty.
Well being when you need to do work for three people
AIG continuously sends emails advising us to step away from our computer, separate work / home life, volunteer, join a virtual group and attend virtual meetings everyday to learn about inclusion and diversity, read a book and join yammer to talk... — read more
Mass layoff in casualty
apparently 40+ casualty claims folks were given the axe this week. I hear from the Iowa office.
It's over
Just stop posting here. AIG is garbage. Has been for a long time and isn't getting better. That's really all you need to say. This web site censors many posts. It is probably in the pocket of AIG. If you stay at AIG, then shut up and take... — read more
Performance reviews and layoffs
This is the only company I know of that tries to performance people out so can fire instead of laying off. How is this okay and why is it still going on?!
Worst company in regards of employment safety
Massive layoffs. Always doing reorgs AIG is big mess. Seniors have a weird attitude here.I’m glad that I’m moving out. No growth here they don’t even increment your pay and even though you give your best , you’ll be treated as a looser. — read more
OHI survey: managers should respect employees, who knew?
Also they should ask their employees opinions before decisions that affect them..., also they should mentor and coach them ... so weird. Never thought employees should be treated like that.
MMS/claims
Not sure how reliable but told layoffs expected march
AIG RS or VALIC FA layoffs
Will there be any layoffs within the AIG Retirement Service area or the VALIC Financial Advisors/ VFA this year?