Thread regarding Husky Energy Inc. layoffs

what's happening

this low commodity environment worries me a lot. Every day I come to work, I do my best. I see the stock going down, why?

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Post ID: @OP+10tTVsaN

10 replies (most recent on top)

It seems share prices dropped even more when they announced to decrease capital spend and try to pay more dividends. Wrong message???

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Post ID: @1cdub+10tTVsaN

Do not need employees to hand out dividends.
Same for share buy backs. Capital spending creates real work. All energy sector players on hold wrt to real investing. Hold on going to get much worse.

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Post ID: @1bqxd+10tTVsaN

Sadly, I am afraid it is true. Big shaking is on the way. Who knows what it brings us. Let’s wait for Tuesday :(

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Post ID: @19zyo+10tTVsaN

This is truly concerning. Everything is hush hush. Meeting rooms booked all day on Tuesday by HR.
One place to start with the cuts could be at the massive bonuses some senior folks receive.
Stress leave?

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Post ID: @18aup+10tTVsaN

Who is confirm this? Only Human Resources will know it for sure or is just rumours

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Post ID: @16cos+10tTVsaN

Oct 22nd confirmed. Very discussed in my dept right now. Rumoured to be 10-15%, despite small layoffs and contracts ended over the summer. So far mostly Western Canada staff.

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Post ID: @16kbg+10tTVsaN

Massive layoffs October 22nd

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Post ID: @15kst+10tTVsaN

Layoffs have been occurring slowly

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Post ID: @Pdja+10tTVsaN

One more year and Husky will buy Inter pipeline at lower bid price than $40/share

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Post ID: @vvcr+10tTVsaN

Do you need an answer? Be prepared, massive layoffs on the way...

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Post ID: @sdja+10tTVsaN

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