Now that a new CEO is forthcoming, there is a chance that further RIFS/layoffs will be put "on hold". There are analysts and investment firms that want to see AIG investing in TRUE insurance and underwriting talent again. Some believe it's the only hope... (I am not on the inside. Just offering a glass half full scenario)
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Nope - more (small) layoffs already on cal. for april
We're shuffling the deck chairs on the titanic.
CEO switch gets them off the hook for the $25 billion dollar proclamation. New CIO gets them off the hook for IT promises that cannot be delivered upon. But... the operational expenses still need to be cut as revenue will continue to erode away. The only levers they know how to pull are selling assets and laying off staff.