GOT terminated/downsized by AIG. I had a feeling something was going on at the gut level but never expected to get let go on a week i was on vacation. I was downsized by AIG back June 2009 BUT got rehired two months later. I wont ever go back there... — read more
Job cuts
Anyone know anything about these job cuts and who they will hit? Work in commercial claims so wanted to see if anyone knew who would be hit the hardest. Thanks
What does this mean?
What does a 200 million dollar loss and stock price down 5.5 per cent mean as far as layoffs are concerned are layoffs the fix or quick fix for such devastating financial news thanks Asked in another thread, but I'd like an answer as well. Hope the... — read more
Is finance being hit?
I think I read somewhere that this week will be bad for finance. Is that true? Has there been any new info on it?
August 6 to 10
What is happening this week with the layoffs. Seems like Thursday is the big day.
8/3 Townhall
No one ask Brian about layoff, but he did say they will increase hiring oversea folks to keep the company competitive and help them grow. Apparently, we’re a bunch of dumb--s and the real talent are offshore. Such b---s---. I work my butt off for... — read more
AIG is not the company that it used to be
I think that we can all agree that AIG is not the company that it used to be and layoffs are imminent. Getting let go is a somewhat sour experience in varying degrees. I have been there. OK let’s change gears. This is an excellent job market out... — read more
AIG quarterly profit falls 17 percent as general insurance business weighs
(Reuters) - American International Group Inc (AIG.N) on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5 percent to... — read more
Sell Out
it's a dying business and they have thrown in the towel. Your strategy cannot be to cut your way to a turnaround. At this point, they are getting their finances in order to be acquired. CEO will net +100 million in a 3 yr span between his signing... — read more
Will They Target Domestic Claims I.e. KC Shared Services
Any one have any thoughts or ideas regarding this or related cuts RIFs in Domestic Claims thanks
Anybody from Global Claims here?
Somebody said Global Claims would be hit hard on August 2. Is there anybody here who can tell us what's going on there right now?
Townhall tomorrow (8/2) ....?!
Got RIF’d recently. Please post comments. Curious to hear what they could possibly say. Thanks.
It’s very strange
To come onto this site and be barraged with ads for AIG insurance. I mean I get it and all, you got to make a living.
AIG layoffs 8/1
Can people please let us know if anything is happening at their locations today? We know major layoffs are incoming this month, some have apparently already taken place yesterday. It would be great if we could share info to know what's being hit and... — read more
How far & wide will impending layoffs reach
News on theLayoff.com about big time layoffs has many concerned a post earlier mentioned if you were not a profit center expect layoffs - can anyone define or say what constitutes a ‘profit center’ - there is a ‘Claims Processing Center’ in Olathe KS... — read more
Beginning of August will be a blood bath.
Everyone's on the chopping block over the next few weeks. Keep your head on a swivel. We're talking more than just IT.
Any current news regarding continued reorganization at AIG?
Full disclaimer, I left AIG in 2016. Good luck to all.
Good advice
The layoffs are an ongoing process within AIG. They have (upper management) been doing this now for many years. You need to always be ready as if it is your last day at AIG. Let go of the stress, it does not help. If you find the stress unbearable... — read more
Are AIG layoffs finished?
After surviving last week's layoffs, now I'm stressing once again about a possible continuation this week. Does anybody know if it's done for sure? Been getting contradictory information so I am really not sure what to think about it. So far it's all... — read more
7/12
Any news today?
Show of Hands
Yes, I know they hand out sheets of paper telling you that you have not been singled out due to race, age or gender. But let’s have a show of hands. If you have been given the boot this week, please tell us your gender, race and whether you are over... — read more
AIG Layoffs Today, 7/11
Reductions happened today in multiple locations. The sky didn't fall but good people were impacted. Multiple teams, automation, security, project managers, devops and others. The IT teams are still in the respective locations. It's my understanding... — read more
AIG 2020 Cost Initiative - Manila
Much is being moved to Manila for the 2020 cost initiative. We have been working with them for about 18 month and if you think IT is bad whoa! Overall just too agreeable to a fault. But you get what you pay for... US IT needs to be more accountable... — read more
Enough with the IT layoffs (no on really cares about IT)
It's obvious that IT is about to get rifed big time, What about the other depts?
Can we get more info on IT layoffs, please?
How many people were laid off? Is it done or will there be more notifications sent out this week? Somebody already asked this in another thread but they didn't get an answer, so I was hoping posting it separately might get it more attention and... — read more
Layoffs today in IT
Some IT "execs" were let go today in NY. The svp of help desk and the one gent who was "global head of AI".
Are we looking at more changes?
Anybody here worried that this whole reshuffling thing could spill over into lower levels? I don't mind seeing shakeups in management, but I'm also worried that we are next on the list. Restructurings rarely go without more significant layoffs, after... — read more
ELT Reshuffling
Big moves at the top of the house today under the CFO. I wonder if this is the start of something bigger on the finance side..
AIG bombed again on 1st quarter results.
What's going on now? Will AIG layoff again to make up for the difference? That's what usually happens.
CTO gone
CTO out at AIG. Will drive trickle down change in IT.
H1b- How lovely to not be an American
While US employees at AIG are laid off in droves, the company's filings for H1b for even such jobs as Business Analyst goes on unabated. Do you think you will convince anyone that there are not any Americans workers who are well qualified to be... — read more
CEO compensation in 2017
$67.3 million to the old and new CEO. Great job guys!
Scumbag move
The Supreme Court handed a defeat to former American International Group Inc CEO Maurice "Hank" Greenberg, refusing to hear an appeal arguing that the federal government illegally bailed out the insurer during the 2008 financial crisis.
MAJOR LAYOFFS AT BERKELEY HEIGHTS OFFICE
Major layoffs are expected in the BH office within the next year (think Parsippany a few years back). Need to make room for NYC/JC employees in order to save more money with AIG's real estate footprint. Hearing up to 1/4 (whole floor) of BH staff to... — read more
Too Quiet
It's been too quiet. Is this a good thing or just a calm before the storm? Anyone hear of any upcoming cuts?
FUSION, PAD & RRD LAYOFFS
Fusion will be "out-sourced" overseas by 2020 with PAD & RRD
Clean Slate?
Anyone being trained for the new AIG Blackboard Insurance? This is the first I've heard about it. www.blackboardinsurance.com. Looks like they are hiring.
Major layoffs incoming to AIG
The PAD and RRD departments will also sustain major layoffs in the next few quarters...the goal is to have many of these departments moved totally overseas by 2020 If your a manager with the majority of your underlings overseas, do you think that... — read more
AIG Internal Audit Layoffs (January 2018)
People in the Houston and Nashville internal audit department January 2018.