AIG (American Intl Group Inc.) Layoffs

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

Can we get more info on IT layoffs, please?

How many people were laid off? Is it done or will there be more notifications sent out this week? Somebody already asked this in another thread but they didn't get an answer, so I was hoping posting it separately might get it more attention and... read more
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151 views | 1 reply ()

Layoffs today in IT

Some IT "execs" were let go today in NY. The svp of help desk and the one gent who was "global head of AI".
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600 views | 8 replies (last )

Are we looking at more changes?

Anybody here worried that this whole reshuffling thing could spill over into lower levels? I don't mind seeing shakeups in management, but I'm also worried that we are next on the list. Restructurings rarely go without more significant layoffs, after... read more
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887 views | 6 replies (last )

ELT Reshuffling

Big moves at the top of the house today under the CFO. I wonder if this is the start of something bigger on the finance side..
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737 views | 8 replies (last )

CTO gone

CTO out at AIG. Will drive trickle down change in IT.
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600 views | 4 replies (last )

H1b- How lovely to not be an American

While US employees at AIG are laid off in droves, the company's filings for H1b for even such jobs as Business Analyst goes on unabated. Do you think you will convince anyone that there are not any Americans workers who are well qualified to be... read more
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840 views | 7 replies (last )

CEO compensation in 2017

$67.3 million to the old and new CEO. Great job guys!
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179 views | no replies

Scumbag move

The Supreme Court handed a defeat to former American International Group Inc CEO Maurice "Hank" Greenberg, refusing to hear an appeal arguing that the federal government illegally bailed out the insurer during the 2008 financial crisis.
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177 views | no replies

MAJOR LAYOFFS AT BERKELEY HEIGHTS OFFICE

Major layoffs are expected in the BH office within the next year (think Parsippany a few years back). Need to make room for NYC/JC employees in order to save more money with AIG's real estate footprint. Hearing up to 1/4 (whole floor) of BH staff to... read more
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715 views | 1 reply ()

Too Quiet

It's been too quiet. Is this a good thing or just a calm before the storm? Anyone hear of any upcoming cuts?
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521 views | 2 replies (last )

Clean Slate?

Anyone being trained for the new AIG Blackboard Insurance? This is the first I've heard about it. blackboardinsurance.com. Looks like they are hiring.
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266 views | no replies

Major layoffs incoming to AIG

The PAD and RRD departments will also sustain major layoffs in the next few quarters...the goal is to have many of these departments moved totally overseas by 2020 If your a manager with the majority of your underlings overseas, do you think that... read more
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1133 views | 4 replies (last )

Update?

new layoffs must have been announced as a couple of former colleagues still at AIG reached out to me this week after a long spell.
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705 views | 2 replies (last )

Continuous layoffs

layoffs have been going on (continually) in Finance. Kept very quiet. I do expect layoffs in Q1 2018 given our latest quarterly results. Layoff people earlier in the year so you don't have to give them a full bonus for the year. There's little doubt... read more
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1335 views | no replies

AIG-Clearwater Spells Doom for NY/NJ/Wilton Investment Tech

The AIG-Clearwater deal spells doom for most ex-Wilton NY IT workers. The idea is to outsource the mess that Wilton executives were originally tasked with fixing (but instead they just inflated the mess.) The BPO deal will mean hundreds of cuts... read more
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873 views | no replies

Vendor issues

/ HCL and cognizant (both heavily in AIG) are being sued for hundreds of millions for their "work. After these companies sue... read more
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917 views | 3 replies (last )

AIG Layoffs 2018

I want to let you know that people are anxious and tense as they expect layoffs in corporate in NYC.
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2985 views | 4 replies (last )

Shakeup in Technology

I hear the Technology groups will have a broad scale shake up in the coming days. Anyone have any details?
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1261 views | 6 replies (last )

Rob Schimek going out the door

Anyone hear how the changes being made regarding Commercial and Personal insurance as being General Insurance is going to affect AIG? Is this change good or bad for the company?
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1361 views | 2 replies (last )

AIG has no concept of business operations

If AIG customers knew what is going on in AIG, they would definitely question why they and their families are insured through a third-rate company, one which treats it's own employees like **** and has no concept of business operations. No one should... read more
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1317 views | 3 replies (last )

Company focus

Hearing that company wanting to get rid of as many employees over age 40 as possible, anyway as wants younger staff hoping to stay current
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1820 views | 11 replies (last )

Claims

Trying to force people to retire, also trying to fire as many people as possible. Hearing they are selling off workers compensation.
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1099 views | 2 replies (last )

Change fatigue

Do not expect much organizational change in 17. The dip in morale is being attributed to excessive management churn and current manage is using this excuse to defend staying put. It's unfortunate, because the new middle management of levels 5-6... read more
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1290 views | 1 reply ()

BAAAAAAAAD NEWS

Sad news. Regrettably, mismanagement is the norm rather than the exception in modern business. GM, Ford, Chrysler, Bear Sterns, Bethlehem Steel and a whole boat load of other industry giants mismanaged themselves to the very brink of bankruptcy or... read more
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909 views | no replies

Housecleaning at the Top

Look for some significant house cleaning at the very top management levels...Those closest to the former CEO are the most likely to find new employment options... The new CEO's focus and direction will resonate with many stakeholders.
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917 views | 2 replies (last )

P & C subrogation got hit back in June.

Heard P & C subrogation got hit back in June. Folks that were laid off got a 6 weeks notice. Anyhow, the final separation took place at the end of the month (July 2017). Not sure if there will be more cuts - there were rumors about this for a while... read more
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967 views | 2 replies (last )

July layoffs

senior people being let go today in NY.
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1264 views | 2 replies (last )

10 years of constant layoffs

The company is so bad, people are so sick of it, of all layoffs. It's bad for AIG, for shareholders and above all employees. Customers feel it too. Why so many layoffs? For 10 years we endured several layoffs every year, I am surprised that people... read more
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1304 views | no replies

RUMOR - July 2017 Layoffs at AIG

They never announce layoffs. It's all done quietly and quickly. There is no formal period for staff to know their job is at risk, they just get told to go. Friends and colleagues only find out when they see an empty desk. Some local managers do give... read more
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2792 views | 7 replies (last )

AIG - No mass layoffs

AIG has been "thinning the herd" with small layoffs, not any mass layoffs (although there was a good number laid off in May) so it's under the radar. It's bizarre that the press and the analysts who cover AIG have not commented on the loss of all... read more
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1530 views | 2 replies (last )

Next Round of layoffs

Does anyone know when the next round of layoffs is coming? Seems to be too quiet. Wondering if it will be with management first. It's the middle of the year and layoffs were to continue through 2017 and I haven't hear of any recent ones?
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1798 views | 3 replies (last )

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