Hey CLT... your minions in HR are dying to bring people back to the offices because grown up professionals can’t be trusted to do their work at home. But let me point something out - notice how quiet it’s been here since March?? That’s because people... — read more
Topics regarding layoffs at Cenovus Energy
First quarter earnings are loss of $4,5 billion and a dividend cut.
Why under current oil prices are HR specialists making Ridiculously high salaries?
Why under current oil prices are accountants making Ridiculously high salaries
Why under current oil prices are power engineers making Ridiculously high salaries
With Oil Prices going negative it is awesome Ferguson bought Deep Basin..ramp up the drilling in Deep Basin. Dry gas is the place to be.
If there is one good thing that comes out of this it may be the end of open office spaces.
I hope I’m wrong but to clarify; Employees and mgmt all took salary reductions, but according to the globe and mail our CEO had a raise in 2018-2019 of about $3m (total compensation). He took a 25% cut, so he’s still ahead with his recent raise... — read more
CEO took a quarter pay cut, junior employees took no pay cut and everyone else in between depending on seniority. More contractors and services providers will be impacted. Probably the best strategy in these difficult times. Alex is showing... — read more
The masks are coming off and now everyone can see and will see who this Corporation really is, the executive team, the board, and last but not least those employees who sold their souls spreading the lie, doing the management dirty deeds, destroying... — read more
Friday is the day. Get ready.
Most critical time for company and nothing on INC. this is not a good sign of things to come. Takes time to figure out who stays and who goes I guess. Good luck everyone.
I wonder how they are going to lay us off now that we are all in small cubicles. I bet there is a committee on that right now. Logical nightmare .. can’t close your office door and wait for the tap on the door.. Wait a min.. even more... — read more
Our company is so bad at communicating. Why isn’t there some form of communication coming out? It’s like an abyss. I get things are changing daily but it’s like our leaders from Mgr and up have just disappeared. You don’t have to have all the answers... — read more
I was working for CVE several years ago. I took one look at the leadership team, took another look at the market trend and took a package. The truth is O&G is Canada is on the decline. I know you want to blame the liberals, and I know sometimes they... — read more
Has our captain abandoned ship?!? Why are we being told to stay in the office ?? I don’t feel Safe anymore Anyone know what’s going on in the C-SUITE right now? Are they even in the building?
How low can it go?
When AP he took over said "i don't like hedging." Said a strong balance sheet is better. But CVE doesn't have a strong balance sheet. Now prices plummet and CVE is naked. How do you like 'em $35/bbl Brent, $25/bbl WCS apples now AP? How many CVE... — read more
When will CVE take the lead and protect employees given the technology to work remotely ?!?
Source below... CALGARY – Analysts expect to see lower Canadian oil production this year as producers follow the example of Cenovus Energy Inc. in slashing capital spending budgets amid tumbling oil prices. After seeing its shares losing more... — read more
48% drop. How do you stay in business??
Don't worry, be happy. Only 16 from 20, could be worst!
Does this mean $20 oil in 2020? Now that we committed to dividends increases and we paid down our favourable debt to get to try to get to the magical $5B, where the hell is the cash going to come from ???
When will they start?
You might as well roll up the sidewalk take your toys and go home.
VP Deep Basin and Land Manager let go.
What is the job hierarchy at Cenovus?
What do you expect from 2020?
here is the board https://www.thelayoff.com/husky-energy or &husky-energy
Husky today who’s tomorrow??
Link below... As of Oct. 9 2019, there have been 3,666 wells abandoned this year, according to the Alberta Energy Regulator. Meanwhile, the Petroleum Services Association of Canada (PSAC) projects about 2,425 wells to be drilled in the province... — read more
Global oil demand will peak in three years, plateau until around 2030 and then decline sharply. Experts believe electric vehicles to reach 50% of global new car sales in 2032; by the middle of the century 73% of the global passenger car fleet will... — read more
Have you noticed all the job postings. Could it be that people are leaving. Such a sad state of affairs. Congratulations to the folks that have left and are leaving. Good luck to the new hires. Stay for a max of two years and then get out.
I’ve heard about numerous people walking out the door recently to other companies. Pretty soon it might just be easier to call Suncor Cenovus 2.0, most of our employees are ending up over there. Maybe they know how to treat employees a bit better or... — read more
I was applying in hope to go work for Repsol here in Calgary. Long story short, they got with a 30% cut today... Well, that is it for now...
I absolutely refuse to work in a cubicle!!!!!!!!! Management can take my office ... but they can never take my Freedom!!! Freedom!!! (In Scottish accent) (First interview if tomorrow across the street .. I’m all fired up now!..) — read more
Cenovus Executives get a bad rap on this site, but what about the people who are meant to be providing oversight? The Board approved the COP acquisition. The Board approved our disastrous hedging strategy, and the tall new buildings we get to shuffle... — read more