More layoffs on the way, 500 were let go on Wednesday...

CIO actually asked this question during a meeting the other day. What planet does he live on? I guess it's easier when one pretends that lives aren't impacted by these decisions. Let's see if Accenture is as good as they think they are, because now... — read more 

Info Sec got hit as well. Notable was Ken Lin, architect.

Not in IT, but notice systems issues all day today. a prior post said IT folks were leaving surprises this week prior to being rif'ed. wondering if today was the start of that? lol

It’s June already and currently Covid 19. HR is not considering to allow more than 10 days to roll over into next year. It’s only considered to roll more over in certain situations like, “IT issues or upgrades”, o k a y .... yet not when Covid 19... — read more 

Rumors are that there will be Rifs this month, COVID or no COVID. AIG does not care about the employees, only pleasing the shareholders by buying back massive amounts of stock. BD and PZ only care about their mega salaries, jets, and new high priced... — read more 

It begins: “I didn’t want any advice.” Then why all the consultants you insufferably smug shmuck? Then why all the new exec positions if you’ve got ideas? You’re a grifter Petey, just like Brian. Furthering the thought of Pete being a grifter... — read more 

Have there been any updates on the Brentwood office as far as layoffs/closure?

are the supervisors, mid level management and Leads especially terrible at AIG, or is it the same at any other large corporation (Pru, Chubb, etc.)? Should I even bother interviewing with these other companies, as an individual contributor. I'm... — read more 

I know there are other posts about the possible upcoming June/September rifs. I would bet I'm gonna be one of the ones based on what I've seen/heard about others my age, etc. I'm hearing conflicting info about how one gets informed and the package... — read more 

In response to "This thread needs to be sent to a media outlet" this is Shefi from Coverager. We were the first to dig below the surface when AIG announced BB's discontinuation and the first to share that AIG isn't willing to sell BB despite... — read more 

Should I worry about the termination of TAP Program that is supposed to start from July?

From another anonymous site... Next round of RIFS the week of June 8th, after that the week of September 14th. HR is starting the process.

https://finance.yahoo.com/news/aig-approaches-shareholder-pay-vote-114504652.html

I don't work in mms but have worked with people in mms in past. I wanted to give heads up I heard from reliable source layoffs for part of mms coming likey time early summer. Just heads up.

They should layoff EARLIER... right now people get stimulus payments and extra benefits. Doing it later, employees get nothing. Get laid off today... get extended benefits, stimulus cheque of $1200, NY state bonus of $1200, and weekly unemployment... — read more 

I was told Blackboard is being put up for sale but if no buyers in 30 days, then it gets shutdown in 90 days...Employees were told no severance-nothing. The sad thing is as recently as last month, they were luring people away from other companies and... — read more 

I just heard from a reliable source that there is a plan in place to RIF a large number of employees at the end of June. I am not sure where or what departments. Has anyone else heard this?

regarding the prior post about blackboard. a quick google search of Hamilton Insurance (blackboard) documents the following chain of events. bd started Hamilton in bermuda, ran hamilton company before coming to aig. bd came to work at aig and aig... — read more 

Long time employee and I've been reading posts here for years. Sad to say this but it's the best resource for insight into what's going on in the organization.

Earning down 551%. A blind money could do a better job

BD called COVID the Single Largest Catastrophe the Industry has Ever Seen. I bet the AIG Executives will give themselves Raises and Bonuses, and Bring in More Global Executives. They will likely hire a team of their friends to form a COVID response... — read more 

As per AIG's quarterly report Blackboard has been put into run-off. AIG paid $100 million for Hamilton USA, which got morphed into Blackboard - and who knows how much more AIG sunk into it afterwards... — read more 

Wonder When RIFs will take place in Travel Guard?

Everything including the extremely low stock will be blamed on COVID.

I lost my job several months ago. Nothing is improving. Where is the outrage. Work Slowdown!

AIG stock early 2017 before BD $65, stock early 2020 before COVID but with BD $50. The DOW early 2017 & 20,000, early 2020 before COVID 29,000. The analysts wanted new leadership at AIG, they got it, in 3 years the new leadership caused... — read more 

Pete and BD got 6 million bonus. Stock is at 23.85 In the last 3 months the stock has gone from $52 to $24 Lay offs continue No new systems Not writing new business Other companies are taking there business or they are leaving. What should... — read more 

Anyone have any word about layoffs in work comp, with coronavirus wondering about low counts due to unemployment

Get ready AE’s.. heard they’re planning on bringing the engineering department to the ground. Starting off with layoffs of all AE’s

All the execs got close to 200% STI. Did you?

Stop spreading misinformation and scaring people if there were not. That is the last thing we need right now.

And will there be more today?

The unemployment benefits are extremely generous... 9 months long! $600 bonus, extra $1200/week on top of normal benefits. I'm considering trying to volunteer 🤔

2 out 3 of the main chief actuaries for general insurance will make you regret it if you voice something critical. This is common knowledge about the one that has been here longer than the other 2.