Thread regarding CNOOC International layoffs

Whats going in?

I heard 500 ppl let go today almost 50% of their entire company

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Post ID: @11LLNUNo

9 replies (most recent on top)

Managing what I suggest? Everyone that is still there is only there for situational purposes and that’s HR putting packages together. Opex is being spent in fields of opportunity GOM, Buzzard possibly N—ria offshore, Capex is going to a downtown office that has far to many Chairman’s, Presidents, Senior VP’s, North America President and on and on. It’s a daily circus over there and it’s just awful that people go there everyday wondering what’s going to happen, very sad indeed.

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Post ID: @11LLNUNo-8dvf

I'm sure all management positions are still there because they protect their own.

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Post ID: @11LLNUNo-7uah

Not sure why they actually keep a Calgary office?

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Post ID: @11LLNUNo-7xxd

Eventually we will end up with 5 floors 100-120 people on each by May next year, small packs are being let go, Chinese continue applying more pressure. 300 people in 2021. And less and less. Bad choice by Harper, we still could do well with our international assets. Lesson to learn.....

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Post ID: @11LLNUNo-7kng

Not true. More like 20.

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Post ID: @11LLNUNo-2ywm

If the layoff is big enough, it will definitely make it to the news. May not be big in Calgary.

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Post ID: @11LLNUNo-rks

I know some were let go yesterday, no word on numbers or which departments were hit.

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Post ID: @11LLNUNo-cdy

Pretty sure it would have hit the newspapers if it was true similar to Husky’s layoffs last week. I’m also not sure they have 500 people in the Calgary office any more.

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Post ID: @11LLNUNo-drl

Is this true ?

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Post ID: @11LLNUNo-hsh

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