Multiple teams and locations impacted today. More than 200 names from my understanding.
STI ?
Does anyone know what the company multiplier will be for STI? It is due soon but I have not heard...
Who’s next or where USA & or worldwide
this goes out to Post ID: @VT1whrW-1Qxsx Do you know that layoffs are coming & if so do you have an inside source or inside track or connected with someone or some folks inside of AIG not doubting that job cuts are actually coming but trying to find... — read more
Big cuts coming in March
AIG is not a well run company. There are some very good people working there, but not enough to offset the incompetent senior management, who feather their nests while firing lower level people. Contractors seem to outnumber FTEs, especially in... — read more
If you think you can use layoffs to make yourself profitable you are wrong
15 to 20 years ago AIG was the go to company for insurance. Now we are one of the last companies that people go to. This is a fact. They have lost so much upper management with experience and claims expertise they can never recover. Even the younger... — read more
How long?
How long will you stay at your job if you are grossly underpaid? My supervisor did not do my review with due diligence. I know the usual excuses: Firm made losses (what's new in this?) You're lucky you're paid less-so, you aren't on RIF list Can't... — read more
$95M Jet purchase
Always nice when the CEO purchases a new jet and then continues to do layoffs and move work to cheaper locations with less talent to offset these type of purchases. AIG is two completely different companies. One company for the grade level 27/28's +... — read more
There’s no vision for viable product lines or services that actually generate PROFIT
PH did buybacks every quarter and it did nothing to move the needle. Now BD is following suit. And he’s dramatically shrinking the book which makes dealing with lean quarters/cat events that much more difficicult. BD has almost copied PH’s playbook... — read more
MAGA - Make AIG Great Again
Make AIG Great Again... Shareholders: $2B stock repurchase will ensure stockholders are happy. BD made a rookie mistake to cut the stock repurchase program the previous year. Now, he has corrected the mistaken course. Employees: Contrary to the... — read more
100th Birthday - Fact or Fiction
https://www.google.com/amp/s/www.wsj.com/amp/articles/its-aigs-100th-birthday-celebration-and-93-year-old-hank-greenberg-is-unhappy-11548689995
YOU get to make the choice
People forget that they create their own lives, they get to make decisions and create a solution. It seems many on here continuously "whine" and are miserable. AIG is not the only insurance company in the world, saying you can't leave because of age... — read more
HR is not your friend
I am a Long term employee who was recently involved in an HR issue. I filed complaint against abusive manager. Minimal to no action despite tons of evidence. They failed to follow up despite being provided names and numbers. ZMainly this is to alert... — read more
good news ...
Happy to announce that after three months of search, I found the right job in my geography (TX) for the right pay. I had a few other offers but they were giving a pay cut. I read here that the ex-CFO also got a job after being let go two months ago... — read more
Joe Paleo in KS
Anyone know why he's here?
STI or raises
any word officially on bonuses or raises this year
AIG Canada
Any word on layoffs in any of the Canadian offices? Looks like they are trying to cut costs. I've heard some people on the financial line side has been let go, and I can only imagine the inevitable blood bath in underwriting
Layoffs happen all of the time at AIG
Layoffs happen all of the time @AIG When I started (10+years ago) there were layoffs. Layoffs happened every year. I was laid off last year along with many others who were great performers...it happens and will continue to happen. If you feel that... — read more
Outsourcing WC fact or fiction & when
That would include any WC in any SS center like KC SS & all of work comp that’s done there what with the massive scale back everyone is doing double, triple the workload so overwhelming is an understatement not to mention the morale levels but local... — read more
Domestic Claims
Word is all Domestic WC Claims are being moved to a Third Party Administrator for handling...That would mean numerous layoffs in all departments if that is accurate.
Any news on technology sourcing?
Each year we hear about annual reviews for sourcing and last year was no different. The new CIO stares they were looking at vendors. Has any news been made available in terms of vendors for respective technologies?
new offer
I got an offer to join Aig l&r unit. I'm seeing a lot of layoffs info on this thread and concerned. They say l&r is doing well and should not be a problem as its a new position. lmk your thoughts, itwill be helpful.
A UNION FOR AIG
After working for AIG for 20+ years, now reading all these posts. I think employees should start thinking about getting a UNION together or in to help, with all these RIFs, and cut down on the number of good people getting let go and hurt.
Trolls
I hope people realize that there are people posting here that don't have a clue. Many are disgruntled employees or former employees. The truth is the layoffs are kept under wraps under penalty of firing if an HR person tips anyone off. Yes, there are... — read more
Major layoffs in March?
Now I've both heard and read that we are looking at major cuts at AIG sometime in March. Can anybody confirm this?
Question
Laid off well over 3 months ago... AIG has not yet shipped me any boxes to return equipment. I have called and emailed HR deptpartment on 4 separate occasions. Is anyone else experiencing this? I don’t want to keep this c-ap at my house any longer.
California triple whammy - pay wildfire claims, lose investment with and no chance of subrogation
(Bloomberg) -- Coverage insurers have limited exposure to PG&E Corp. bonds through their investment portfolios, Goldman Sachs analyst Yaron wrote in a note earlier after the California utility said Monday it intendsto file for bankruptcy later this... — read more
NFP is Hiring Insurance Pros!
NFP understands that a person can't be defined just by the last job you had. We need insurance professionals in Property & Casualty, Specialty Lines (D&O, etc) and Corporate Benefits. Special consideration give to applicants who have both carrier and... — read more
Latest on layoffs?
Have there been any news on more layoffs at AIG? I've heard some whispering, but nothing concrete. I feel that it has been long enough since the last larger round that we are due another one sometime soon. Does anybody have more info on this?... — read more
AIG stock
Will AIG stock get above 50 dollars in 2019? Concerned stockholder.
New head of workers comp
Has anyone heard what plans are for work comp, if reduction in staff and services planned?
Managers see their bonuses go up for RIFFING people
Yes. Managers see their bonuses go up for RIFFING people. It's actually a big component of their yearly goals. Just saw employment report shows a record number of people voluntarily left their jobs in December. I bet AIG will have its share of... — read more
AIG acquires Ellipse
It has been announced that AIG acquired Ellipse, a UK based company that specializes in group life risk protection. The acquisition was made through AIG life, a UK subsidiary of AIG Life & Retirement, for a not yet disclosed amount of money... — read more
People being pressured to quit
I feel like AIG is pressuring people into quitting on their own to save on severance and bad press. Have you noticed how bad the situation here has become? The more experience you have the worse you are treated by management. I know several people... — read more