Thread regarding Cenovus Energy layoffs

I’m Leaving when I get my LTI payout

Respect the new leadership and what the company is trying to do with the new portfolio but I’m looking and planning to leave to another role/ industry like many currently are in the company/ finance team after we get our LTI payout.

Seems like Everyone is applying to roles at our peers and even to companies in other cities if you are ready to relocate. Life is too short to continue worrying about holding onto role here, even if they do decide to keep you.

Too many layoff rounds and mergers here at CVE.. too volatile to stick around.

Working here is no longer interesting and I’m willing to take a comp hit to enjoy my role again. The LTI payout is a gift to help make this happen.

They will have quite the loss of corporate talent soon by the sounds of it, but they will just need to outsource to backfill if they can $$$

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Post ID: @OP+18dQwmRM

4 replies (most recent on top)

Amen Brotha!

I’m out as well..

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Post ID: @2dxf+18dQwmRM

I like how they are keeping those other EVPs on for “other roles”. Meaning keeping their big pay checks on the payroll at the expense of the employees. They look after their own.

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Post ID: @vfy+18dQwmRM

I don’t know how these people sleep at night. Their millions in the banks probably help a little.

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Post ID: @xak+18dQwmRM

I remember Alex saying there would be no more layoffs and I’m pretty sure he was still saying that as he was negotiating this deal knowing that there would be layoffs as a result. Real great leadership for sure.

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Post ID: @mbe+18dQwmRM

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