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

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

Consultants

I continue to be amazed at the waste of money for consultants to do the same exact analysis that another 2-3 consulting firms have already done previously. The best is they just take all of the data many employees pull together and just reframe it. ... — read more 

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| 1850 views | | 6 replies (last August 27, 2024)
Post ID: @OP+1tr5O3F6

Aftermath is badly managed, workload is huge

I don’t know what your experience is, but I assume it's similar. My team was gutted, and now we have been pressured to do an unmanageable amount of work. We’re trying to resist, but there are always people who are cozying up with managers, and are... — read more 

Verp Exceptions

Anyone get their Verp approved as an exception? Didn't meet the years of service or age?

VERP payment

Has anyone gotten their payment for the June 30 exit? What was the average deduction percentage?

Secondary offering of CRBG

AIG is doing a secondary offering of CRBG shares. The AIG management want to get out as quick as they can. CRBG share prices are going to fall and investors are going to get fu---d in whatever that is going on. Insiders will sell hard.

July 1st - Is It Gonna Feel Weird?

I presume a very high majority of the verped are now gone, save those that got extended. Is it gonna feel weird so many of our veteran colleagues are now gone? I wonder how the existing workload is going to be redistributed? Interesting stuff we are... — read more 

Worst kept secret is finally out

Yet another sell off… because there isn’t enough work with too few employees to do it. Wonder how bad this one will be organized as compared to the other separation disasters

Donations for conducting business

Just curious do the internal staff take vendor gifts to allow vendor resources to sc--w up projects and have employees fired. Seems to be the case with CRBG. This highly once successful unit is going into toilet drains due to management from other... — read more 

Corebridge Messed UP?

Is the company messed up with old timers leaving and useless layoffs by useless new management staff who are bringing their own laid off people from the other company. Is this company messed up from its glory days.

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Post ID: @OP+1tbz2ees

COREBRIDGE AIG SPLIT

Both companies are sh$tshows we should split the forum for a separate Corebridge page. Can a moderator do this?

Nippon insurance wants reduction in staff

Nippon insurance has requested corebridge officials to eliminate IT and business roles in the company. Either laying off useless workers or management which came from other companies.

Rif's to follow verp

The loss of talent from the verp was not enough to satisfy PZ. The rif lists are already being compiled. It will not take long for the brokers to start moving business to companies that can actually provide service. The 2008 collapse did not ki-l... — read more 

CBRG Summer Layoff

Coming to a theatre near you. Details to be planned in a couple of weeks before end of June. List will be ready soon.

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Post ID: @OP+1t0JZUnv

CIO to depart

One of the CIO is planning to go back to the company he came from.

Is anyone working ?

Seems those that have been approved for the VERP have already gone into shutdown mode. Those remaining are not happy and are not even trying to keep up the work levels they were at before. The backlogs are already becoming a problem. Can only see... — read more 

Corebridge Return To Office

Rumors circulating that Corebridge will want employees in 2-3 days per week. Anyone have a credible source that this may take place?

Lexington and Western World

Does the VERP apply to Lexington and Western World? I heard rumors that AIG may sell Western World since they sold most of the Validus acquisition companies. Or maybe completely absorb Western World into Lexington and rebrand it.

Useless Management Staff in CRBG

There are some useless management staff that came from other company that will be need to be cleaned out before they clean other people

Travel Guard

In reading over the FAQs from the VERP, there was a specific question regarding Travel Guard employees not being eligible and the answer given was simply that Travel Guard, and any business unit that supports them, were not eligible for a "voluntary"... — read more 

Tomorrow

It will be interesting to see after tomorrow how many are taking the VERP. I fear the most talented and knowledgeable people are leaving. It will take many years to recover from this. Our competition will be able to acquire so much talent.

Operations

Does anyone have information on the forth coming operations changes

CRBG layoff

Anybody know how much people were laid off. Mandatory for the company to declare about the layoff.

Return To Office

Anyone know yet if Corebridge will require workers to go into the office 3 days a week similar to AIG?

CRBG bonus pool for

I just saw in the CRBG proxy filed this week that the STI bonus pool was actually funded at 139%, while managers were only given budgets of about 113% of target to pay their employees. That is a lot of money to hold back to pay the top dogs. Now I... — read more 

So Little Traffic

FWIW was in a mtg where HR said they'd addressed the poor reviews on Glassdoor, looks like AIG Legal has been here, too.

Manager told me my idea was not good

Then he turned around and used it as his own. I couldn't believe the gall of it. The worst part is, that there's absolutely nothing I can do about it. These are the kinds of people who are being promoted to managers. Those who only know how to climb... — read more 

Not 1 but 2 net new Executive Roles?!?

Seriously, no announcement on the loss of another PZ direct report but yes, let’s announce two newly created roles - executive ones at that. This company’s priorities are ‘interesting’

Next will be worse than 200

One would think BPs and LLs would be applied to Next since 200 was such a disaster, but this is AIG! Again over dependence on consultants that come with super steep bill rates and their own approach which is already showing what a disaster Next will... — read more 

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