We are coming off the bottm.
Comment! It's anonymous! Post information you know, rumors you heard, your experiences, or contribute to the discussion by answering or asking about layoffs at Cenovus Energy. The comment form is located near the bottom of the page.
Topics regarding layoffs at Cenovus Energy
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.
In reading the comments on here, it seems most of the complainers still work there (clearly they didn't clean house well enough).... did you ever think that perhaps you and your behaviour are the problem? Negative nellies ..... If you can speak of a... read more
I did a full out belly floppin laugh just now. Really?? You guys searched high and low and came up with none other than the guy that tanked Talisman? Sounds like friend of AP aka Grinch btw. Former Transcanada too. FORMER CEO OF TALISMAN as the new... read more
Submitted letter of resignation this week after bonuses were paid out. After decades of service I feel no regrets, at all. Not a one.... It is too bad that they didn't let me go earlier in February, after having asked for it, to save the job of... read more
I heard CVE is accepting bids for the Clearwater Assets until March 9th. Any idea who might get them?
Stock price in toilet, cutting budget, cutting jobs, stock price still in toilet. What is the next move? Cut wages 20% the next move?
Now individuals are pushing their own crazy ill-conceived half baked schemes to make themselves look good in front of AP. Its the same old place, just another form or re-org without any real plan on what work there will be, who is needed to complete... read more
They done with cuts, so we can move forwad? Less people will make it easier to get things done.
Listen or read the transcript and it sounds like CVE was soft where jobs were not "full jobs". Can happen and employees get used to it, thinking what they've experienced as a job/culture is normal. Usually better once the cuts are done, best done... read more
Anyone know how many layoffs happened today?
It looks as if they have already breached my termination agreement. sending to lawyer now!
Good luck this week to the few that remain
If Cenovus offered up the same idea as Shaw recently did for their employees, what would the outcome be? 50% ask for severance? 30? CVE mgmt would get a huge slap in the face much like Shaw - everyone wants out. Who wants to work at a company where... read more
More uncertainty, more worries. What a mess.
So they confirmed that almost everyone below a manager is taking bonus cuts. Basically saying the average worker is over paid but the poor managers and leadership are barely scraping by. Alex says he wants to be transparent? Then post the whole... read more
Where did all the Finanace posts go? None of the replies violated the conditions setforth on this site.
Heard that the layoffs will resume today, Happy Valentine's Day...
Take into consideration the connundrum from Thursday (finance layoffs) and Alex’s Intranet comment...it’s clear there will be no evident repercussions. Alex, if you want to send a message to YOUR management, you need to be swift. Make an example of... read more