Here's why I have lost a lot of confidence in our new CEO: 1) He has not made significant and meaningful changes at the top, such as removing the significant incompetence of EVP's such as DZ and HC, as well as the VP's associated with the COP... read more
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Topics regarding layoffs at Cenovus Energy
Fixing the mess for shareholders. Everything done before him is sunk cost. Now it's about reducing debt and operating to maximize cash for shareholders. Rather than complaining, go find a different job and improve your situation.
That was brutal. That’s all I can say.
What are the ex-conoco staff like to work with at cenovus?
230 layoffs for them what will the number be for Cenovus? Good luck x COP staff.
Just heard from an official source. Mgmt is working on a big layoff round for the fall (before bonus time of course to save money)
Kaybob and West Clearwater although I suspect anything in Deep Basin is on the table. East Clearwater apparently has no decent offers. Probably have to sell the whole junk pile to get the debt under control.
This ship just keeps on tanking! The person who was responsible of the COP deal got a big promotion to the CLT when the new CEO came in. Those who spoke against the deal all got packaged out. What an amazing company!!
What exactly are you trying to hide by deleting recent posts ? Is this an indication that you know what you did was wrong ?
$150 in 9 months. Mark my words. Money will flow.
Why is Cenovus looking for a Communication Advisor on Indeed. All the people around there and you still need to look for more?
Been too quiet lately...
And now the improvement begins!
Perhaps we should start a pool? When will it be sold and to who? And go...
Conoco is just kicking cenovus when they are down now. Maybe Conoco buys Cenovus in hostile takeover?
New rumor that CVE is considering partnering in to the kindermorgan transmountain pipeline?? ARE YOU KIDDING ME!!??
We are coming off the bottm.
Appeared CVE laid off some more staffs today mostly technical people and as usual, upper management stayed behind to collect fat salaries and bonuses without doing any real meaningful works to get this once great company around. Need to revert the... read more
Another great Q for the CVE management team. -6% and market is not even open. Oil goes up, CVE goes down. Congratulations.
So when are they going to announce it? Looks like CN is preparing themselves for something big. Take a look at their career section of their webpage and take a look at the HR staff-up...
I heard there is another layoff in the near future. Could be as much as 50% if staff.
Is anything ever going to get sold? Clearwater is waiting.....and waiting....... and waiting
You guys are unbelievable! Stomping your feet and name calling. Throwing people under the bus and insisting that the company wouldn't be here if it weren't for YOU being there as an employee!? My ... you really like yourselves don't you? It's... read more
Hey everybody, post something positive about the company to move things in a good direction. Okay?
Glad to see the progress in putting the past behind after making needed adjustments. Look forward to a better future.
and hopefully rail on the way. Maybe hear something next earnings report!
Just have to get past the hedges that last earnings report show wearing off mid year.
Those cut, it is tough, move forward and don't look back. Past is a sunk cost, future is what matters to you. Those still there, move forward and don't look back. Focus on the future and making it great. See the common thread? Don't look back! Can't... read more
I have never seen such a spectacle as Little Z and his latest temper tantrum. For a SVP to show such disrespect to the employees of CVE, especially at a time like this is appalling. How do we work for someone who cares so little about us? Hope our... read more
I’ve been reading this page for awhile and I will give my thoughts and be done. The employees have gone through a lot at this company with endless layoffs and epic bad mgmt decisions (building space, pipeline capacity, hedges, the big Conoco deal... read more
So the CEO has said publically that he would have not done the COP deal, and yet his SVP of Strategy, who was a major part of the driving the deal, still remains firmly in his seat. Sure BF and IR are being sent to pasture, but shouldn't the guy who... read more
There’ll be more layoffs for Calgary office staff once the Deep Basin assets are divested. This, for those who believe we are out of the woods, don't get too comfortable just yet. We are looking at at least one more sizable round of layoffs. Maybe... read more
The move to reduce production rates and store excess bbl in the reservoirs will ultimately get to better overall profit. Better to hold back, keep oil in inventory for later sale at higher prices (lower discount). The Gulf refiners will be begging... read more
Will I get the full 3-4 weeks severance or just the bare bone minimum? Alex can you please elaborate? Thank you for reading!
I suppose out of 700 ppl that were laid off last month not even 1 was qualified to be in SCM hence we must look externally...wtf.
Have ya heard?
Maybe the cuts are over?!
Looking for a partner at Narrows Lake and they’re putting two Deep Basin assets up for sale through BMO and TD.