Thread regarding AIG (American Intl Group Inc.) layoffs

I have heard that there will be a major lay off in August. I can't confirm this but all the other talk I have heard regarding RIF's have come to fruition. There were lots of RIF's in 2018 and there have been a lot so far in 2019. Senior Management talked about this in town halls in 2018 and stated they would go into 2019. To add to this we had some major losses with hurricanes, fires etc that happened after town halls. And AIG is getting rid of accounts and a large amount of renewals or new business is going to TPA's. A big reason for that is so that Underwriting can show a profit. It's sad but AIG is being transformed in such a different way. It will never be like it was before and that is a fact.

They clearly don't need this department as most of business will be going to TPA's

A lot of the Technical team have gone today and some of the CRS heads. ( I won't name names).

Hearing a shockingly high percentage of CRS is going to be hit.

Trust the new management. They have good track records in turning the company around. If they think that the risk engineering department is too costly and not serving its purpose, closing it is the right thing to do

What is EER ?

All levels of CRS are going to be effected and it's going to be a sizeable chunk.

The management of the risk strategists have been very open with their teams for a while and you should see that many of them have jumped into other roles while they can.

EER are writing less and less. The engineers in that division were hit hard last time and may get hit again.

After laying off many field engineers last year they are now having to use third parties for surveys, and account engineers are being asked to oversea work done in India.

We will soon know as I am sure they are on the radar for 3rd qtr

Probably some executives will “resign” and then come August some staff will be RIFd ... same ol same ol as it slowly goes dwindles away .. someone will come up with a new mouse trap everyone will tout their wares as the hottest new idea ever and after a year the cycle will begin again !

I heard that some CRS employees as well as executives are going to be RIF'd very soon. It apparently was put on hold

CRS Legacy - clean house.

Uncertain about the future of the CRS profit center but I was advised that most of the legacy executives will be gone. Most are from the last regime.

Who is “they” ? Is it CRS (as a unit) or - the CRS executives who botched it up? Thanks for the insights.

They will be gone soon. End of summer at the latest.

This is the norm:

(Insert group name here) "was formed so a few executives could save their jobs and they ended up tormenting their underlings with unnecessary paperwork to justify their existence"

Goes on all the time, they want to save $$$$$? Then END this silliness....

I think they have merit. Client Risk Solutions was formed so a few executives could save their jobs and they ended up tormenting their underlings with Unnecessary paperwork to justify their existence. Stupid and useless and knee jerk reactions and lack of direction. In addition I heard the group is being reorg’d and possibly dissolved. Sounds like the rumor has some bite.