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

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

AIG Staff Count

Does someone know what the AIG staff count that is left after all these layoffs and moves to Accenture/CB/GB/etc. I'm guessing 30k globally but, that is just a guess.

I’ll just leave this here…

https://fortune.com/2022/07/21/aig-imploded-2008-recession-financial-crisis-turnaround-plan-6000-employees-accenture/

High cost of hiring cheaper employees

I sincerely hope that the leadership is becoming aware that a cheaper workforce will not help this company, but on the contrary, it will cause great harm to it. I don't want to underestimate anyone, there are excellent employees everywhere, but I... — read more 

Why was underwriting sparred?

Any ideas what is going to happen with life and retirement underwriting? As far as I know the life underwriting had no notification if moving to Accenture, going to corebridge or layoff. Anyone have any additional information?

Corebridge

Question for those who will be impacted in April. Will you still be an AIG employee at that time or an employee of Corebridge?

Retention possible? Or is it just time to leave?

It has been a extraordinary week. I am one of the few people to survive. I feel very bad for people being let go. For myself and others that are staying, I am starting too feel people that survive this is just a temporary reprieve before the next... — read more 

Trying to make it to retirement

I don't like the whole situation at all. I am an older worker who is afraid of getting cut before the retirement. I am no longer marketable because of my age. I'm in a dilemma whether to hurl myself onto the job market or take a risk and try to... — read more 

July 2022 AIG Layoff Count

July 2022 AIG Layoff Count: 300 from Group Retirement (VALIC) 150 from Individual Retirement 400 from elsewhere (assuming that is Life Insurance).

Betrayal

What else to add here... AIG is selling employees like cattle to 3rd party companies or totally eliminating them all in the name of cost reduction and stock price. Those of you optimists who want to believe it won't happen you are naive. This is... — read more 

Data drive - anyone else

Our department are on a huge drive to make sure that the data in the systems is up to date and correct. Quite surprising as this has come from no where and has never been an issue in the past. I have my suspicions as to what this is all about ... — read more 

Outsourcing L&R Ops to Accenture

Town halls taking place to announce outsourcing all of L&R ops to Accenture. Supposedly you will fall into 3 categories 1. Safe at CRBG 2. Move to Accenture 3. Axed….so what is purpose of corebridge? If you don’t have any operations none of the other... — read more 

Adjuster System access accidentally cutoff

Heard there were several adjusters in WC and a few other departments accidentally had their access to processing systems termed yesterday and now it's a scramble to get them back in

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| 1280 views | | 1 reply (July 12, 2022)
Post ID: @OP+1hGuUiT2

Promotions

Are promotions still happening or has a freeze of some kind been implemented? I've been promised a promotion ten months ago and I'm still waiting on it. When I bring the issue up with my manager, he's quick to reassure me it's coming but I need to be... — read more 

What’s the latest word on Workers Comp?

Is AIG still writing the business? Have all WC claims been transferred to Gallagher? Have AIG WC employees been severed, or transferred to Gallagher?

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| 1140 views | | no replies yet
Post ID: @OP+1hFGfFgO

I don't remember this happening before

I have been working here for a very long time. It used to happen that someone left relatively quickly after getting hired, but these were very rare cases. Now it is not at all unusual for someone who has only been here for two months to leave AIG... — read more 

AIG is all about cost saving

It's no longer about trying to be the best or trying to provide better services and products that will attract more business. These days, it's all about achieving the desired numbers by cutting costs. This is why we've been having more layoffs and... — read more 

They Could Have Kept People

Considering all of the people who were to kept on and go to Gallagher Bassett who instead chose to leave. AIG could have negotiated the hiribg of the ones remaining

Nobody cares anymore

I don't know a single person who's still going the extra mile. The top performers who used to go above and beyond are now doing only what they have to. AIG has gone too far in how badly it treats employees and this is the logical reaction to it... — read more 

Two Tech Leaders gone this week

So Steve F yesterday and SY tomorrow. What is going on? What happened to the re-org that has been discussed for months but never announced? What is going on with AIG management?

AIG in the next 5 years

I certainly won't be here then. I intend to leave soon. What is the probability that AIG will be sold in the near future? I ask this purely hypothetically, I'm interested in what you think. I don't have any insights.

Steve Fernandez out

Word is some big shake up in NY resulted in Steve Fernandez's ouster. Due to unexpected costs of cloud and unrealistic time lines to migrate for AWS and Azure? Anyone else hear the same?

Hop or Stay?

If you were given the chance, would you switch over to Corebridge when they separate if you were given an offer, or stay at AIG in General Insurance?

Hey Lucy!

Why don't you care about diversity? Why don't you care about Juneteenth? Why can't I have a day off to reflect? You said AIG loves DEI. You said you cared. You obviously do not. Stop the fake virtue signaling. No one is buying it.

Is plan to transfer all Claims to GB or Accenture?

Starting to wonder if all Claims departments left will be sent to Gallagher Bassett (shudder!) or Accenture too. Including A&H, Travel, and I don't know what's left. Amazing how great our quarterly reports say, but then we got miniscule raises... — read more 

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| 2270 views | | 3 replies (last June 28, 2022)
Post ID: @OP+1hhEUdMA

I wonder

I have seen posts that say AIG monitors these sites, but I never really believed that. I now wonder if it is true. I saw the post about interns being pictured on Contact a couple of days ago. I looked and it was there. The day after this site started... — read more 

Is AIG too big to fail?

After all the bad decisions made by the leadership - if you can even call them that - the company is still standing. I sometimes wonder if it's true that some businesses have grown enough they're too big to fail. No matter what happens, the company... — read more 

Welcome AIG Interns!

That is the caption on the Contact page. 270 fresh careers to destroy. It is unconscionable to teach kids that this is how a company should act. Interns, if you read this, run!

Transfer to Accenture

Seems like a new round of RIFS started yesterday and I’m hearing about a reorg in GI whereby some people and/or groups would be pushed over to Accenture. Can someone in the know explain what happens when an AIG position/employee gets transferred to... — read more 

Claims transfer to Gallagher Bassett

Has the transfer to Gallagher Bassett fallen apart? Not only have most taken other jobs who were to go but I am hearing rumblings of a big problem with the contract and work going over, anyone know?

There is no hope that this mess will be fixed

Years of bad management could be fixed only with a miracle. Is there anyone who thinks that the company could somehow get back on track? I no longer have any hopes for that. Management here manages the decline and that’s all.

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