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AIG headcount falls by 10,000 in 2016

The number of AIG employees fell by 15 percent to 56,400 as of Dec. 31, New York-based AIG said yesterday in a regulatory filing.

By Sonali Basak | Updated on February 24, 2017
AIG has also been moving jobs to lower-cost locations and cutting positions, including hundreds of posts in New York and the U.K. (AP Photo)

(Bloomberg) – American International Group Inc.’s headcount fell by 10,000 last year as Chief Executive Officer Peter Hancock sold units and cut jobs.

The number of employees fell by 15 percent to 56,400 as of Dec. 31, New York-based AIG said Thursday in a regulatory filing. That compares with 116,000 at the end of 2008.

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