There have been a lot of process improvements that some would equate to a need for lower headcount, but for most, those changes have just made a very long a day little more tolerable. Regardless of what anyone thinks, this is a relationship business... — read more
Operations had rifs today NJ/NYC
Heard of at least 6
BD Presents at GS U.S. Fin Svcs Brokers Conference
https://seekingalpha.com/article/4226477-american-international-group-inc-aig-ceo-brian-duperreault-presents-goldman-sachs-u-s enjoy
AIG could care less
Most companies don't rif 2 weeks before Christmas. AIG could care less. Ruining the lives of their employees in the name of profits says it all. 2019 won't be any better than this year. Maybe they should watch It's a Wonderful Life. The missing $... — read more
IT
IT had the most layoffs and it continues. Majority replaced by KL / Malaysia. Replacements are not up to par, and no actual official news on layoffs as they try to keep each lay-off in each location under the limit for announcements. This is almost... — read more
News rumblings re SS
Is it widely held that KC SS is to be shut down is there any idea how this might occur might it be a gradual drawdown & what if any would be left in the aftermath some say ‘they can’t’ take everything overseas my take is where there’s a will there’s... — read more
Quality Assurance Group
There have been many layoffs and will be more to come I am sure. Business is down. Wrong accounts are being written with the wrong premiums. This company has made one upper management mistake after another. Layoffs have occurred in claims and there... — read more
Risesmart question
Has Risesmart, the outplacement agency, worked for anyone?
What is your motivation to work at AIG?
For me: Money Work life balance
Charity Season & Spirit of Giving
There is no spirit of giving at AIG. Some offices have parties, others don't. This company that I truly loved when I started is on a destructive path. BD goes to Bermuda in the same week as a big RIF. As you know, travel has been restricted in the... — read more
Any news rumblings SS
Does anyone have any information regarding KC Shared Services & anything at all as it relates to RIFs or potential layoffs it’s said morale quite low and angst is on the ascent seeing SP WI being shut down folks are on high alert
Too Big to Fail? More like too small to survive
The guy making six figures has to work with an uninspired workforce already under the gun after all the RIF's creating a stressful workload. It took years for Hank Greenberg to build up the company. Granted he made mistakes with the derivatives but... — read more
CFO Out
No one is safe regardless of level.
Unstable employer - foolish and naive to trust ppl
My position was eliminated in Q4 2018, after being reassured that I had "nothing to worry about" by my supervisor. Don't trust any supervisors. I find AIG to be a very unstable company. More layoffs coming. I was unfortunate to get termination at... — read more
The CEO of Company need to take action
The layoffs are continuing to down spiral worse each week now. We currently lose a large number of employees from the Global BSA team. There is no telling whether or not I will have a job tomorrow or next week. Majority of the layoff is is currently... — read more
Earning report comes out Febuary 6th. any thoughts
This will be the 8th negative surprise out of 11 since BD came on board. NICE!
Any new updates for the "year of the underwriter"?
Which specific locations and/or divisions within underwriting will experience RIFs and when - 2018 or 2019? Does anyone know beyond just ongoing and all AIG departments affected by RIF?
Any layoffs today?
We had a RIF go down this AM. About a third of our unit. More to follow tomorrow. Watch out for mundane, scheduled meetings on such things as goals. The only goal by the company is to RIF the employee without raising any suspicion. They were... — read more
latest updates
Anyone hearing where next round of RIFs will happen heard SP WI shared services hit hard how about any other shared services-claims processing locations
Holiday Party
Just got word that due to expenses there in the claim department there will be no reimbursement for holiday lunches/dinners this year. How are we supposed to keep morale at any level above the toilet under these conditions...Unreal!
Expense Management Rationale - AIG Signs LOI for new office space
AIG in talks for up to 200K sf at 1271 Sixth Asking rents in the building run between $90 and $125 psf https://therealdeal.com/2018/11/28/aig-in-talks-for-up-to-200k-sf-at-1271-sixth/
Lord Chris Holmes & AIG's Duperreault to join fireside chats with Premier at Bermuda's London industry events(Thomson Reuters ONE)
Being unemployed, can someone tell me how the above will improve the company, stock price and overall position of employees. I have been to Bermuda and it is very expensive. I am sure they will have several High Level employees for several days... — read more
November 2018 Claims RIFs
What’s the story with layoffs this week? I’m most interested in claims adjusters, managers and lawyers in NYC but Id also like to hear what’s going on in Olathe and Alpharetta.
Layoffs under the radar
AIG has learned to stay under the radar but not doing RIF all at once. I am a 20 plus year veteran and they will continue mid 2019 I am told. No unit is safe from RIF's AIG is not writing many business as they did before. Also with the extensive... — read more
November 2018 Layoffs
No unit is safe this time around. Payday is November 30th and so are the layoffs coming Friday AM. Schedules have been rearranged to accommodate the in- person and over the phone layoffs. Managers are expected to assume the duties of the departed... — read more
SIU?
Look I hate to post this as is it a small unit but I just can’t get any straight information anywhere. Bottom line I’m somewhere in the middle. Have not been here forever. No major severance package waiting for me. I have to work. The SIU unit has... — read more
More this year?
Is it true we'll see more layoffs this year? I've been hearing from a few coworkers on that possibility, but there's been nothing concrete, just speculation. I think it would be really cruel to lay people off so close to Christmas, but this is AIG so... — read more
Blackboard Update
Does anyone have any updates on blackboard? Are they seeing any revenue yet? Have they had any layoffs?
AIGRM - any news on layoffs?
Just wondering if anyone know's about possible layoffs for AIGRM?
There are other companies that value experienced workers
Job market is good now. I got RIF'd and found an even better job / pay. YOU CAN DO IT TOO. Hang in there, tap your contacts/network and keep records. There are other companies who value experienced workers for what they bring to the table that a... — read more
Cruel UK judgment - $100M in back bonuses for running the company into ground
Former AIG Employees Win UK Court Ruling over $100M in Back Bonuses Source: Case no. CL-2014-000921 in High Court of Justice, Queen’s Bench Division Will heads roll in the AIG Financial Products group?
Awards and Recognition
Check this out: https://www.aig.com/about-us/awards-and-recognition I guess the person updating this page was let go. There are no entries since Feb 2018. LMAO...
Construction Coverage Done?
So the head of Construction underwriting was Riffed. So I guess we’re done writing that now?
WSJ article: labor market is tight
This article states labor market is tight lotssa jobs and very few ppl. Comments? https://www.wsj.com/articles/youre-hired-no-we-dont-need-to-meet-you-first-1542298757
What’s killing this company
People don’t share information. People don’t see a reason to give information out if it is to someone not in their tiny little in group. People joke about taking people to lunch just so they can get a little help. That’s insane. We’re in the same... — read more
Post-layoff assistance
Has anyone here taken advantage of their post-layoff outside career counseling offer? I admittedly walked out pretty p.o.'d but I'm heading toward the cutoff point of using them, if only for a professional re-do of my resume. Being one of the... — read more