This week has felt incredibly heavy. Several people I know walked out for the last time on March 31, and it’s been hard to watch. Some were lucky enough to retire on their own terms, but others left with severance they never asked for. It’s heartbreaking, and honestly, I don’t know how much more people can endure as this drags on all the way to 2028.
17 replies (most recent on top)
@1xe
Chaos is cash, as long as there is continuous attrition in and out, its good for the employees. If people stay too long, and no one leaves, that when they try and fire people using PIP.
@1te
Because you losers aren't making lives and made up policies miserable enough to make people leave and exceed the target. Put some back into it 😆 🤣 😂 😹!!!!
@d5
Prices were high in 2022-2023 too, this happens all the time and then they drop, nothing to see here. Either the economy slows and oil prices begin to drop or the oil production expands and oil prices drop, its the same.
SU is run by Imperial guys at the top anyways, so if people are jumping ships, they will see the hiring and firing, nothing new about that either.
Spiking prices are nothing new. The straight opens and the supply will start coming online again in a few months.
Young engineers continue to quit, including some high-flyers.
All being replaced with contractors and BTC.
good luck to all
Not enough folks leaving to exceed the 2028 target and for us to get more RSUs
~ the Canada Transformation Team
@19s there were plenty of folks who didn't get an offer and had an end date of March 31. That's involuntary separation.
Plus, all the voluntary exits with people fleeing the sinking ship.
FFS, another HR toad nitpicking over semantics instead of reality,” as if that changes anything. People aren’t leaving because they wanted to — they left because the place has become unbearable. Most of the retirements weren’t voluntary either; they were forced out despite wanting to keep working. A department full of imbeciles still scrambling to defend management’s failures instead of acknowledging the disaster unfolding in front of them. Oh yeah, please continue recruiting “new blood” to fill the void — as if anyone’s going to stick around once they see the toxic reality in this company.
Employees leaving on their own isn’t a layoff. That’s called voluntary termination and is self initiated. -NK
Honestly the faster this ship sinks, the faster the asset will be scooped up by an operator - one that is Canadian and actually have a knowledgeable MC.
Having seen this several times in Toronto - 2005 at 111, and subsequent waves impacting EMIT and Fuels marketing, I think what is happening in Calgary is to be expected……
It's sad to see what has become of Imperial. A previously proud company that used to hire the best and brightest has turned into a corporate zombie house with only a few dead end jobs left. Sad downfall.
Pretty sure JW is just hoping for a “I told you so” instead of growing a pair and protecting Imperial.
@d5 they don't care. The goal was to get rid of people.
Still have many waves to go….
@d5 They don't think, that's obvious. The blind leading the blind in management.
I wonder what the IOL execs think about all the homegrown talent going to CVE, SU, CNQ just as oil prices spike and are predicted to be structurally >$80USD moving forward. All to save $200M
What a fumble by the leadership team.