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
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?
I would not recommend that anyone put in extra hours to get the extra work done
The workload is just spread out across whoever is left and it will be expected to be completed. There will be no extra compensation given, just more stress and aggro. I would not recommend that anyone put in extra hours to get the extra work done... — read more
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
I feel like I’m working for a traveling circus
Just venting, but oh my, what a mess.
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.
COREBRIDGE AIG SPLIT
Both companies are sh$tshows we should split the forum for a separate Corebridge page. Can a moderator do this?
Nippon insurance wants reduction in staff
Nippon insurance has requested corebridge officials to eliminate IT and business roles in the company. Either laying off useless workers or management which came from other companies.
Corebridge Return To Office Coming
Hearing there will be some type of announcement t be made after the summer and RTO will be inevitable in six months.
Rif's to follow verp
The loss of talent from the verp was not enough to satisfy PZ. The rif lists are already being compiled. It will not take long for the brokers to start moving business to companies that can actually provide service. The 2008 collapse did not ki-l... — read more
CBRG summer layoff
Coming to a theatre near you
CBRG Summer Layoff
Coming to a theatre near you. Details to be planned in a couple of weeks before end of June. List will be ready soon.
CIO to depart
One of the CIO is planning to go back to the company he came from.
Is anyone working ?
Seems those that have been approved for the VERP have already gone into shutdown mode. Those remaining are not happy and are not even trying to keep up the work levels they were at before. The backlogs are already becoming a problem. Can only see... — read more
Corebridge Return To Office
Rumors circulating that Corebridge will want employees in 2-3 days per week. Anyone have a credible source that this may take place?
What happens to Departments which more than half were approved VERP?
Would those Department's get absorbed to other Departments or get sources out? This cr-p is f@#$ed up!
VERP Approvals
To anyone who put in for VERPS. Good luck tomorrow.
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
CRBG Change Severance Plan
Is it true CRBG changed severance plan to 1 week for every year?
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
Buffet buys into Chubb
This must have left PZ fuming…
What happened to Lucy Fato? Anyone know why they kept it so hush-hush?
According to Bloomberg Law her last day was 3/31. Did they force her out too?
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.
'24 Cost Reduction Initiative & Claims Moving From 28 Liberty to Jersey City
Heard some chatter about claims moving from 28 Liberty to JC or other regional offices. Assuming this is to save on office space? Is AIG trying to reduce their footprint at 28 Liberty?
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’
Another ELT departure
Devine out - or did he get VERPd? anyone know the story?
Voluntary Early Retirement Program (VERP)
What do you think of the email from Rose? Does that mean that if they don’t get enough volunteers they will start looking for people to retire or RIF?
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