Layoffs for next 3 years...23% of mgmt being let go - Financial Analyst AIG Employee Review

1.0
4 Nov 2015
Recommend
CEO approval
Business outlook

Pros

Lots of office space due to less people

Cons

There were people being let go each week. Many hard working. Then they announced 23% of people are being let go. They said there's a list, but they won't say who. So people are phreaked out, on eggshells. There have been 3 meetings this week, all talking about layoffs. Not a great place to work. Worst this is only the first year of layoffs. Two more years to go!

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5.0
26 Mar 2026
Recommend
CEO approval
Business outlook

Pros

Good compensation structure, bonuses were higher that the industry average. Freedom to be entrepreneurial and do what I thought would work in my territory

Cons

Zonal management had a lot of turn over at the time, some not qualified to lead.

1.0
3 June 2026
Recommend
CEO approval
Business outlook

Pros

See lots of interesting accounts Coworkers are pretty friendly

Cons

Too bureaucratic Unrealistic production goals Temperamental management Out-of-date systems Very high turnover leading to a lot of teams being overworked

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