Cenovus Energy Layoffs

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Topics regarding layoffs at Cenovus Energy

Bad CEO

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

Good ceo

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.

Crescent Point

230 layoffs for them what will the number be for Cenovus? Good luck x COP staff.

Next divestiture?

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.

So Happy I quit!

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!!

Communication Advisor

Why is Cenovus looking for a Communication Advisor on Indeed. All the people around there and you still need to look for more?

Maybe someone can chime in on ATCO.

Just checked their page here on layoffs.com and there are no posts - you can see it here: &atco or here www.thelayoff.com/atco - I know for sure they are having big layoffs and I am not sure how they manage that keep that page blank even though they... read more

New rumor!!??

New rumor that CVE is considering partnering in to the kindermorgan transmountain pipeline?? ARE YOU KIDDING ME!!??

CVE laid off technical staffs today

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

Q results

Another great Q for the CVE management team. -6% and market is not even open. Oil goes up, CVE goes down. Congratulations.

CNRL Deep Basin

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...

Layoffs

I heard there is another layoff in the near future. Could be as much as 50% if staff.

Sale announcement

Is anything ever going to get sold? Clearwater is waiting.....and waiting....... and waiting

Rail?

and hopefully rail on the way. Maybe hear something next earnings report!

Those who were cut/Those still there

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

Upstream Townhall with Z

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

My last two bits and I’m done

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

What strategy.....???

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 cuts

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

Excellent Q1 Operational Update Today

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

Cenovus SCM is hiring!

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.

More divestitures

Looking for a partner at Narrows Lake and they’re putting two Deep Basin assets up for sale through BMO and TD.

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