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AIG (American Intl Group Inc.) Layoffs: Downsizing related discussion, postings, questions and answers.
Is AIG mandating that workers return to their offices? What happens if you don’t comply? Will you be fired? Will you be eligible for unemployment or does AIG claim you “resigned” and fight your unemployment claim?
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AIG has laid off around 280 staff, including senior executives such as North America casualty CUO Bob Shine and lower-level staff like underwriting assistants, in a rationalisation that has also seen the business consolidating its US distribution zones into four regions.
According to a letter sent the Texas Workforce Commission, the layoffs will start on Feb. 1 and end June 30. Each of the employees will receive at least 60 days written notice. AIG said some of the affected employees will be offered jobs by the "third-party provider to whom the impacted business functions are being outsourced."
Some 20,000 employees departed or were laid off in the immediate aftermath, and the company struggled to replace high-level executives because top performers at competitor firms were put off by...
One month after major global insurer AIG announced it would lay off approximately 3% of its workforce—the equivalent of 1,900 jobs—federal documents reveal the company awarded million-dollar...
AIG has an overall rating of 3.7 out of 5, based on over 8,128 reviews left anonymously by employees. 65% of employees would recommend working at AIG to a friend and 57% have a positive outlook for the business. This rating has been stable over the past 12 months.
American International Group announced plans this morning to cut more than 20% of executive positions at the company on the heels of a poor third-quarter performance.
AIG has fired its interim chief financial officer less than a month after giving him the position, saying he breached the insurance group’s confidentiality rules.