AIG layoffs, on the record
Every job cut, severance charge and restructuring AIG reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 25,200 to approximately 22,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 25,200 | December 31, 2023 |
| 10-K for 2024 | approximately 22,200 | December 31, 2024 |
| 10-K for 2025 | approximately 22,100 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing reports restructuring and other costs of 553 million pre-tax in 2023, a non-GAAP reconciling item tied to initiatives to reduce operating expenses and simplify the organization.
Word for word“Restructuring and other costs 553 116 — 437 570 120 — 450 433 91 — 342 Non-recurring costs related to regulatory or accounting changes 40 8 — 32 37 8 — 29 68 15 — 53 Net impact from elimination of international reporting lag (e) (12) (3) — (9) (127) (27) — (100) — — — — Noncontrolling interests (f) (514) (514) 599 599 223 223 Adjusted pre-tax income/Adjusted after-tax income attributable to AIG common shareholders $ 7,401 $ 1,702 $ (749) $ 4,921 $ 5,800 $ 1,288 $ (447) $ 4,036 $ 6,563 $ 1,284 $ (316) $ 4,934 Weighted average diluted shares outstanding 725.2 787.9 864.9 Income per common share attributable to AIG common shareholders (diluted) $ 4.98 $ 12.94 $ 11.95 Adjusted after-tax income per common share attributable to AIG common shareholders (diluted) $ 6.79 $ 5.12 $ 5.70 (a) The year ended December 31, 2021 includes the completion of audit activity by the IRS.” 10-K for 2023
Our summaryRestructuring and other costs in 2024 increased mainly due to employee-related costs, including severance, and real estate impairment charges.
Word for word“In the year ended December 31, 2024, Restructuring and other costs increased primarily as a result of employee-related costs, including severance, and real estate impairment charges.” 10-K for 2024
Our summaryThe company recorded severance charges and asset impairment as a result of restructuring activities.
Word for word“For the year ended December 31, 2024, we recorded severance charges of $ 353 million and asset impairment of $ 53 million as a result of restructuring activities.” 10-K for 2024
Our summaryAIG recorded restructuring and other costs in 2025 and 2024 that were mainly employee-related costs, including severance, and in 2024 also real estate impairment charges.
Word for word“(e) In the years ended December 31, 2025 and 2024, Restructuring and other costs was primarily related to employee-related costs, including severance, and, in the year ended December 31, 2024, real estate impairment charges.” 10-K for 2025
Our summaryAIG recorded severance charges and asset impairment charges in 2024 because of restructuring activities.
Word for word“For the year ended December 31, 2024, we recorded severance charges of $ 353 million and asset impairment charges of $ 53 million as a result of restructuring activities.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2020-12-31 | — | $435 million |
| 2021-12-31 | — | $433 million |
| 2022-12-31 | — | $423 million |
| 2023-12-31 | — | $356 million |
| 2024-12-31 | $353 million | $745 million |
| 2025-12-31 | — | $439 million |
AIG has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from AIG’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.