(Bloomberg) – AmericanInternational Group Inc.'s headcount fell by 10,000 last yearas Chief Executive Officer Peter Hancock sold units and cutjobs.

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. Thatcompares with 116,000 at the end of 2008.

Hancock follows predecessors Robert Benmosche and Edward Liddyin shrinking the company that longtime CEO Maurice “Hank” Greenberg had builtinto the world's largest insurer. The company sold some of itslargest units from 2009 through 2012 to repay a U.S. bailout.

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