Thread regarding AIG (American Intl Group Inc.) layoffs

Agree with Post ID: @ZvJWx4L-vap Don’t be fooled, this place is doomed. It's only a matter of time and then there will be nothing but Management left. Do you think they could honestly handle the average employees job? I highly doubt it.

Latest is IT employees in NY and NJ are about to be either forced to relocate. Who would relocate with a company in our condition? I have updated my resume and LinkedIn, just waiting for shoe to drop. Senior management thinks nobody is aware of this, which shows how tone deaf they are.

BTW, McKinsey is paid based on how much $$ they cut from AIG. So more RIFs mean more $$ for them. And Repko and his cronies.

People who don't have a lot of time with AIG will be leaving, in fact it's already happening. These are roles AIG doesn't want to lose. Several retirements on the drawing board too among senior management. Don't worry about them, they'll be just fine.

So true: We are finished as the big player in general insurance. AIG will eventually merge with another company or use the AIG name to only manage financial products. GI will go away. AIG can't efficiently manage general insurance companies and they simply cannot make money doing it. Every system that we have is too antiquated to compete in today's world and no one will invest what it takes to make us competitive. It's just a matter of time before most employees are gone. BD and Senior Management will walk away with outrageous packages...more money wasted again. It's very clear that this is a sinking ship. Get your life jackets out and be ready

Just my opinion. When you see the highest levels of our government lying and being deceitful what is the incentive for anyone else, especially those that want to line their own pockets with money. Corruption to the core dribbles down. Insurance companies are the worst criminals. The public pays into a fund all their lives so their elderly years are somewhat financially cared for. This is a legal scam where the privatizing of insurance has allowed the crooks to sweep in and pocket OUR money for their own gain.

We are all nobody to the senior management. We are just numbers to them

he has to get it up to 65 to get his real Bonus. He is going no where, he just got to planes and has a great piggy bank to live on.

totally agree!

Absolutely agree with this post. BD and his cronies don’t give a hoot about the employees and neither do the senior level managers at grades 25 and above. No communication and working in this environment is unhealthy mentally and physically. 30 years with this Company and you betcha I’m hanging around waiting for my severance. Don’t be fooled, this place is doomed.