2023, the year of layoffs

Despite widespread layoffs few CEOs took meaningful pay cuts and could actually get raises in the year ahead.

Carlin Putman of Houston, Texas worked at AIG for more than two decades. Earlier this year, she lost her job. She was devastated.

But the writing was on the wall for months as the company tried to cut costs.

“No matter how much work we had, it was working off of bare bones,” Putman told Al Jazeera English.

Late last year, the insurance giant announced it would lay off hundreds of employees, including Putman.

“When you are reporting to the board, the less headcount you can show that looks better for them,” Putman said.