Topics regarding layoffs at Cenovus Energy

Topics regarding layoffs at Cenovus Energy

My Nightmare

I just woke up from a bad nightmare. I worked for an Oil and Gas company, in a really small cubicle, that poorly decided to layoff 25% of its workforce during a jobless pandemic, after 7 prior layoff rounds. Then they removed the 20/20 incentive... — read more 

Frog in a bowl of boiling water ?!?

Been with CVE too long and starting to really think the grass is greener across the street. Others who have left have said so. I believe it now

I really miss the good days

Let's face it, working here used to be good. Something to be proud of, even. Good pay, good benefits, good people, rare (if any) cuts... Am I the only one who really misses those days? These days I'm finding more and more reasons to leave and fewer... — read more 

You can be your own job security

Make sure your resume is up to date as well as your Linkedin profile (if you don't have one, make it) and be ready to accept a job anywhere. Job security is basically knowing that you can get another job quickly, not relying on a company to provide... — read more 

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| 1141 views | | 1 reply (April 28, 2021)
Post ID: @OP+1avfcHS8

Trying to make it to retirement?

I am no longer ready for new beginnings in some other companies, nor can I get a new job as easily as I used to. I’m forced to wait for retirement here and it’s a really awful feeling. Luckily, there’s not much left, but it wouldn’t be nice to get... — read more 

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| 1520 views | | 1 reply (April 23, 2021)
Post ID: @OP+1auFDKcp

Laid off in March

I was so angry and in disbelief back then but I'm in a much better place right now and it didn't take that long. I just started my new job. It's a much smaller company with lower pay but they have good job security which is what I've been looking for... — read more 

Is this kind of reputation based on truth?

I’ve had a few interviews. Things are turning around with the job market. ................... Funny thing is in the job interviews so far working for Cenovus has been seen in an almost negative light. Had a few questions about the bureaucracy and if... — read more 

Now Cenovus uses Attrition to downsize

Double the work load, everyone stressed out, COVID rules... Great way to eliminate staff with no packages.. Many have resumes out.. No packages no thank you!! Cenovus is a dead horse...

Can we sue for 20 for 20

No legal agreement, but we clicked a button to accept this agreement that the company subsequently reneged on. Any lawyers on here ? Do we have a class action claim if shares reach target

Got laid off!!

Best thing to happen big package+lots of rrsps!! Freedom of retiring at age 50 as a millionaire with 0 stress from work now!! Cheers

Employer vs Employee

HR dept and AP might have the upper hand right now and cause us to work x3 and non stop to hang onto our jobs out of fear in a covid downturn while removing incentives like the 20 for 20 and laying off good people, but the tables will turn soon. ... — read more 

Third and final round coming later this quarter!!

Time to do the final cleanup!! We are expecting cuts in operations by mid June.. Hopefully this is the final round.. It is very tiring and depressing never knowing whats around the corner!!

I am so disappointed with this whole matter - people are depressed , laid off, moved to unwanted positions - common mang!

As an experienced person who spent several years with CL I can attest that now people are so unraveled it is quite concerning. The management state " please keep your mind on task" - REALLY??? This is just a written comment to protect their friggin`... — read more 

Finally free from the bad culture

Was laid off in last round, best thing that could have happened!! This company has had ongoing layoffs for years finally was my turn!! Got a great package!! Can retire worry and debt free.. This company had slowly drained me emotionally and... — read more 

Merger talking points

I wish we could at least drop the talking points. This merger was all about the balance sheet of CK holdings, everything else is bonus. However both companies were turkeys and this new company will go the way of Dome Oil after its HBOG purchase.

by
| 1172 views | | 1 reply (April 12, 2021)
Post ID: @OP+1akeOJnT

Play the long game

I'm a "legacy Husky" person and have a few observations about the new place so far. First, A LOT of what is said on this page is 100% true. It's really helped me understand what's happening and not get so unnerved by it, so thanks to everyone for... — read more 

Hate all around

There's so much hate for the company here. I'm curious if Cenovus was always this hated by its employees or is this a new development due to the latest layoffs? I haven't noticed anything like this before, but I'll admit to not being that observant... — read more 

Are they worth it?

2020 Total Executive Compensation: Alex: $9.5M Jon: $3.9M Drew: $3.1M Harbir: $2.9M Alan: $2.6M Total Top 5: $22M Not to mention what the other EVPs, SVPs, VPs, Directors, etc. earned...

20 for 20 - Honor Your Commitments Cenovus!!

This company has issues man! It dosent honor it’s commitments. They gave us 20 for 20 and now just took it away and gave us something inferior in dollars and unachievable. 20 for 20 was a one times salary. Now lucky if we get 20% I did... — read more 

1.2 in 22

Looks like those of us who were retained by the new organization are getting upwards of a 30% bonus if we hit merger targets. I wonder how much we earned through all these layoffs.

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| 1470 views | | no replies yet
Post ID: @OP+1agDQrq5

Culture??

Alex, you are delusional. Our Husky management literally and regularly tells us to sit down and shut up. Buddy you were asking the wrong people about our culture over at Husky. They love it and we hate it. Top down and sit on your hands and shut up... — read more 

1.2 Incentive Plan

Still not even close to keeping me here!. I’m gone the first chance I get!

How much work are we expected to do here?

They claimed we needed layoffs. Fine. If there's fat, I agree it needs to be cut. Only, they didn't cut the fat. They cut the people who were doing the work that can't be cut. The work that was conveniently distributed to the rest of us despite of us... — read more 

Is Alex delusional?

Why am I getting up this morning to headlines saying Alex axed the sale of Husky retail because Husky didn't know it's value? Is he delusional? He wanted to pay nothing to for it and Hong Kong decided to try and sell it again instead of giving it... — read more 

Where is Leadership?

What shocks me the most is how CLT doesn’t believe there’s a major issue out there in the workforce. They just sit there and think there are only 10 people posting on this site.. just a few ship disturbers. Incredible how out of touch with own... — read more 

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| 1411 views | | 3 replies (last April 13, 2021)
Post ID: @OP+1afBZLFg

How long

How long until F.C and C.L. start going down the union road again? Staff must all be nervous seeing the never ending parade of cuts year after year. :( :(

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| 990 views | | no replies yet
Post ID: @OP+1adZ31Z6

Does the Advanced noticed even exist?

I was affected in the March round and I was with subsurface thermal team on Husky side. The March communication said some staff would get advanced notice of their termination ( I guess for some roles that the company thinks transition of... — read more 

Engineer is a Four-Letter Word at Cenovus

Between January & March engineers took a significant hit at Husky/Cenovus. Despite being told the majority of the duplication was in Calgary, a significant number of Professional Engineers lost their jobs in Lloydminster, Grande Prairie, etc. But... — read more 

Worst merger ever?

eBay and Skype, AOL and Time Warner, AT&T and BellSouth Corporation, Microsoft and NOKIA... I try to remember all the awful M&A, but I think Cenovus/ Husky is the worst merger or at least at the very top of the worst mergers ever. Maybe I’m being... — read more 

Why do people post on here?

Alex just doesn’t understand that no one would post on these sites if they felt heard by their leaders. It is a pure sign of failure at the executive level that any employee past or present even puts one post on here. Feel free to let me know... — read more 

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