AIG reviews

The shareholder pressure and goal of meeting the cost reduction targets are taking the toll retaining the talent within the company. A lot of time being spent in determining department level key priorities and aligning them with overall AIG strategy. There are lots of opportunity to shine or get recognized, however the fame is not getting converted into career upward mobility or monetary benefit.

Ongoing layoffs with no fixed scope, timetable or target. Last 18 months has been a never ending cycle of who is being made redundant next. As soon as one group go the work is out that the next layoffs are in the pipeline. Nobody knows where the sword of damocles will fall next or if they are even in the firing line. Senior staff are resigning or being fired alternately, followed by batches of their teams. Last in, first out seems to be the maxim as the payout is lower and working conditions get worse, perhaps in the hope longer serving staff will just leave. Every meeting is an argument about which cost centre has to pick up the bill and why that isn't acceptable.