Thread regarding Cenovus Energy layoffs

Let go today

I was let go today. Package was really good in my opinion. Good luck to everyone that remains. Things are going to s--- for a long time. Not sure where the company is headed.

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Post ID: @OP+RBPp3cT

13 replies (most recent on top)

FP&A is a joke, all they do is generate reports. When you ask them to provide some information it takes weeks to get a reply and the report is usually wrong

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Post ID: @1uth+RBPp3cT

Funny how those directing FP&A bear no consequence for its epic failure.

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Post ID: @1xsr+RBPp3cT

Heritage Conoco

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Post ID: @1xhl+RBPp3cT

FP&A is the 'golden child', definitely agree that they protect their buddies. Accounting is viewed as the labours and second rate employees.

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Post ID: @1pfd+RBPp3cT

Neil has to save 14mm or roughly 70+ people. I'd be shocked if he doesn't touch FP&A. But again... it's all about favoritism and the buddy system. If Neil or Warren 'love' you, you will be fine.

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Post ID: @1wfj+RBPp3cT

Heard FP&A is fully protected, even though they have 2 or 3 people doing the job of one. Most cuts are from accounting, again...

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Post ID: @1gxo+RBPp3cT

Let's see how Big Neil does his share in two weeks.

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Post ID: @1jjr+RBPp3cT

Wow, thanks for sharing! Our layoffs in finance are coming up and this relieves so much stress. Can I ask if you were a historical Cenovus employee, or did you come from ConocoPhillips with the recent purchase? I’m wondering if this is higher because Conoco negotiated terms for layoffs of its transferred employees within a certain period or if any Cenovus employee could expect this.

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Post ID: @1tzv+RBPp3cT

Under 10 years of service, that does not include bonus

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Post ID: @1hxf+RBPp3cT

That is a very generous package. Does that 4 to 4.5 weeks/year include the 2017 bonus? Or does that include the bonus payout?

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Post ID: @1vzq+RBPp3cT

Can you share your years of service? I’ve heard the weeks/year jumps up after 10 years of service...

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Post ID: @1wrg+RBPp3cT

Nothing is itimized. Bonus is determined later. Around 4-4.5 weeks per years of service (years rounded up). Full pay for February.

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Post ID: @1wkk+RBPp3cT

How many weeks per year of service? What was bonus payout?

Was anything itemized?

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Post ID: @1vko+RBPp3cT

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