What did everyone get for packages? 52 / base salary * severance / years experience = weeks paid per year of service. Please note your years experience too. Also, February is paid too right?

Hr lady asking all of us to look in the mirror Where did the post go?

Cenovus has been on slow decline for years. Instead of producing oil and gas they became a safety company..more concerned with bureaucracy than production. Mr Fergusan was a pathetic leader. .....I received a package in November after 25 years. Yes... — read more 

Hardworking and excellent workers are not longer "tolerated" by the company. They just can't survive any more. That tells you a lot about the survivability of this company.

Oh, what else is new. There is no future here as long as the C-Suite continues to be myopic and enchanted with PowerPoint slides.

Most emails and inc page messages alluded to majority Calgary layoffs during these cuts. Of course this wasn't the case, field took the brunt AGAIN and the fat was barely skimmed in the twin towers. At least the EVP/VP scene has been reduced greatly... — read more 

You need to take this with a grain of salt - this is unconfirmed and I got this from a dir level person. I heard that some more SLT reductions will be happening again once they are done with this round - they will be targeting about 200 folks. Again... — read more 

https://www.facebook.com/TheLayoff/posts/1576300429133074

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.

Safety Professionals RFO Contractors Electricians

Safety techs let go at CL this morning .... letting go of brilliant employees .... way to go CVE

Wow. What a surprise. Cenovus cuts off access before notification of being let go again. You’d think after all the rounds of layoffs they would have it down to a science.

Do we know yet?

Do you think big Z will be buyin?

Everybody was saying that layoffs were confirmed for February 5, but nothing is happening as of yet, at least at my location. Usually at least something would have happened by now if there were truly to be any layoffs today. Has it started anywhere... — read more 

Nominally your odds of being let go are about 15%, on average. In some groups though, when you subtract off people that are really useful in critical positions and the FOH's, your odds may be like 30-50%. What's an FOH you might ask? Workers that are... — read more 

Good chance I am going to be let go on Tuesday. I wonder if I should go hard exit and just leave or stay around and chat with my colleagues for an hour or so? My colleagues I will miss, my VP, SVP and the leadership team I will not. Maybe some pasta... — read more 

I've seen a few people in different threads mention that Cenovus layoffs have been confirmed for Monday, February 5. I'm trying to find where the confirmation came from, but I'm not able to locate anything relating to it. Anybody else has more info... — read more 

Out of 191 IT people, they laid off 13. I guess they won't save much on their ridiculously high contractor salaries! Most of these IT people make more than the scientists who actually find oil & gas and create value for this ENERGY company!!! What a... — read more 

Anyone knows what the packages look like? or how they calculate it?

No, they weren't and now comes the real killing. The first bloodbath back in 2014 and 2015 was just so the company could reduce expenses enough to last this long. And you thought you were in the clear as oil is rising. Nope, this will make 2014 look... — read more 

More layoffs in Calgary will happened on February 6th. They will send home 500 employees. Is this ever going to stop...

They are going to layoff about 500 people soon in Calgary's office. This has been going on for weeks and longer. I really feel sorry for those people.

I am waiting for the bonus or a package, then I am out also. I cannot handle this anymore. I am doing interviews right now. I can't believe you people are still hanging on. I know the job market is not great but you should apply apply apply to any... — read more 

Received another job offer last week. Now I just have to wait for the package or the bonus before giving my notice. CVE is on shaky ground right now. DB is the new cash drain and with half of 2018 fully hedged at ~50 WTI, CVE c kiss any upside... — read more 

Cenovus has a way to make it seem as if they are right on track with today's market yet with all the cuts in budget and resources your job security is flimsy at best. There is a wave of fear around the departments on who will be next. Upper... — read more 

Mostly under the radar but a few contracor and employee positions have been eliminated since the culling of the VP’s a week or two ago.

Do you think the recent SLT layoffs/changes were “deep enough?”

Heard the layoffs have been delayed until March. CVE will be hiring more HR specialists though. Any chance this is true?

Let the "Old boys club" continue even after these layoffs. I wonder what's going to happen when they eventually have to start laying each other off.

Heard last week at the office that something big is being planned for the end of January, but I can't figure out if the info is based on something concrete or if it's just an unsubstantiated rumor. Looking at other posts on this board, it... — read more 

So when is the big layoff. What’s happening in the rumour mill?

The U.S. rig count has been on the rise for months, despite some recent hiccups, but Canada’s rig count recently plunged amid low oil prices. Canada’s rig count fell from 210 to 136 for the week ending on December 29, a massive drop off. That took... — read more 

It’s likely CVE is looking to sell additional Deep Basin assets to shore up their balance sheet in 2018. Next asset traunch from rumblings I’ve heard is the remainder of Clearwater. I’ve also heard they plan to scrap a long term production growth... — read more 

You bet you are never safe. You’re only drilling 15 wells next year. How many people do you need to do that? 15% is not enough should be way higher. Get your resume updated people your going to need it. One thing I learned from COP you can’t believe... — read more 

Obviously the polite mannered Canadians are taking this layoff with the usual "oh it's just business, don't take it personal" BS. Where are deep mole(s) that can anonymously get the word out to the rest of us peons. The process doesn't give a rats... — read more 

Somebody asked this already but there was no clear answer in the other thread, so I'm gonna try again like this: is the announced 500 to 700 with or without the several hundred who were laid off last week? Either way it's bad, but if it's with at... — read more 

Do we even know end of January layoffs are going to be the first ones? Considering they just laid off hundreds of people last week without any announcement or mention, who's to say they won't add more? Frankly, I don't think we are safe now or until... — read more 

It seems like Cenovus is going to let 500-700 people go at the end of January. It is really a terrible situation especially for former Conoco employees who recently moved to Cenovus. They might be laid off again.

I have been an employee of Cenovus for well over 5 years and what I’ve noticed is there is a continual change in leadership and upper management who seem to be unqualified and are only out for themselves. It is clear that it’s not what you know, but... — read more