One of Amarillo Largest Employers Layoff 900 Employees

We live in a world of uncertainty.  We think our lives and jobs are secure, and things change in the blink of an eye.

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That's what happened to 900 employees of AIG.  Not all of the layoffs were in Amarillo some occurred in Houston and California.  However, most of the employees here in Amarillo were laid off, some will remain with the company.

When COVID hit most of the employees of AIG in the Amarillo area began working from home.  Most of the AIG workforce was allowed to continue working from home when most businesses returned to working from their offices.

On July 12, 2022, during an online company meeting employees were informed that they would lose their jobs.

AIG in Amarillo focused on the Life and Retirement side of things.  In March of 2022, AIG announced that it was spinning off the Life and Retirement side of things to its own stand-alone company.

According to a press release from AIG on March 28, 2022, "American International Group, Inc. (NYSE: AIG) today announced that it plans to rebrand SAFG Retirement Services, Inc., the parent company of its Life & Retirement business, as Corebridge Financial, Inc. when it becomes a public company."

Reading through comments on TheLayoff.com, Corebridge was mentioned several times as well as Accenture.

The workers that will be losing their jobs will continue on with the company through March of 2023.  They will be in charge of training people from India and Manilla. In order to receive their severance, they will have to train their replacements and stay through the end of March 2023.

AIG is one of the largest employers in Amarillo and this layoff means that the need for jobs here in Amarillo will increase over the next 6 months, especially after March 2023.

Some of those laid off from AIG have worked for the company for at least 10, some 20, and a few over 40 years and in the blink of an eye, their job is gone.