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

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

Layoffs seem to be done for now at AIG

Nothing happening so far today - so it could be that Tuesday and Wednesday were it. Unless other departments are being hit today that I don't know about?

Something brewing @ KC SS

Looks like something may be about to go down in KC Shared Services’s anyone out there with any interest in this location heads up

There will be more RIFs

BD and Senior Management don't seem to care how hard employees work to make this company suceed. They have RIF'd a lot of good talent that worked towards that goal. It's my belief that there will be more RIF's because we are still not writing a lot... — read more 

Mid level management & secret closed door meetings

For several weeks now multiple managers have been meeting with AVP behind closed doors nothing is ever mentioned about these meetings and what’s being discussed seems to be very ‘out of the ordinary’ not common place at all many in KC SS believe... — read more 

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| 1370 views | | 2 replies (last June 8, 2019)
Post ID: @OP+ZmdPDy6

The Risk Engineering department rumors

The Risk Engineering department has too many staff and very little work. The rumor has it a major lay-off is planned mid summer. The current situation of no work and inefficiencies is not sustainable. If a layoff occurs this would be one of many... — read more 

175 Water St HQ Building - For Sale

https://therealdeal.com/2019/05/28/aig-looks-to-sell-downtown-headquarters/amp/ Insurance giant American International Group is looking to sell its Financial District headquarters ahead of a relocation to Midtown. AIG is shopping its 31-story office... — read more 

Job Posting

New Job posting for a Global Head of Third Party Claims Administration. Sounds like we are moving a bunch of our claims to a TPA....That should result in multiple layoffs.

Sad

The sad thing is, at least for me, is that the management isnt overtly rude or difficult to get along with. I frankly just feel they're ill-equipped to manage employees who are more prepared for the future than they are. In my situation, the... — read more 

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| 2330 views | | 8 replies (last May 27, 2019)
Post ID: @OP+Z9F0MtM

New Chief Actuary - Why the Secret?

I've heard there's a new chief actuary, but I see no news of it on the internet. Why is it being kept secret? I don't think the company feels shame for hiring two chief actuaries for the same role within a year.

Greed - just plain ol' greed

No wonder raises have been non existent and they have cut back on all the employees benefits. Very greedy and over paid Management with underpaid non management workers. Their salaries along with the STI, Long Term Incentives and additional stock is... — read more 

New Jersey

I've noticed way more security these past couple weeks. Usually our office building, comprising of a few companies, has security people floating around but lately there's religiously been 2 security personnel outside the entrance to our wing. Are... — read more 

outsourcing

The RIFs continue with wholesale outsourcing of its competitive advantages, IT & Operations, where new products could rapidly be brought to market. Only id--ts believes that costs are reduced by outsourcing. The outsourcing company needs to make... — read more 

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| 1381 views | | 1 reply (May 10, 2019)
Post ID: @OP+YZgWNvk

Layoffs this week?

Entire teams in IT being outsourced or vendored out. Pink slips for many people this week. Multiple locations. Any chance we can get more info on this? I haven't heard anything about layoffs taking place this week - what exactly is this referring to?... — read more 

AIG Earnings May6,2019

I predicted they would earn a profit in the 1st Quarter. This is why they turned off the RIF faucet. Good news for now but it is only temporary. Get out while the going is good. AIG is still a terrible company.

Layoffs tomorrow?? 5-7-2019

I'm hearing about more RIFS happening tomorrow, which has been confirmed by managers . Heard the Fort Worth data center will be impacted by this.

Will the Chief Investment be replaced.

Does anyone know if that Doug Dachille will be replaced? Seems like he is one of the last remaining holdovers from the previous regime. Is he here for the long term?

IT

Any news of IT restructuring? Incompetents from TIAA were brought in with big salaries. What about them?

No longer scared.

I used to be scared of getting riffed . Now I go to bed every night dreaming that I get a package on my way out of this sh-- hole. Ps f--- cheap labor.

Don't you just love...

Working for an office that has a seemingly infinite amount of return mail, which our clients have not received. GREAT WORK management... you would think something like this would have been forecast and dealt with in advance. Now... employees are... — read more 

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| 1170 views | | 2 replies (last April 30, 2019)
Post ID: @OP+YPUlAF0

Always err on the side of layoffs

Regarding more layoffs, if you have doubts and management won't confirm anything, I would assume the worst given it IS AIG. IT has taken huge hits in past 6 months, and I wouldn't expect the business side to escape unscathed, either. Glad to see they... — read more 

Bureau of Labor Statistics

A possible resource to help identify potential challenges or opportunities for an individuals demographic, age, etc.: https://www.bls.gov/cps/lfcharacteristics.htm#unemp

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| 660 views | | no replies yet
Post ID: @OP+YFlx5Qj

Get new people who actually care about the company

Yes, AIG WAS great "in the day". I bled dark blue and light blue for over 20 years and was recently RIFd. PJH undid all the good work BB did to restore the company and he had to fight for his salary of $8M. The newbies - people hired since staff... — read more 

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| 1451 views | | 5 replies (last April 22, 2019)
Post ID: @OP+YE24zSl

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