Thread regarding TransCanada Corp. layoffs

CGL Sinking the TC Ship

Poor discipline of budgets from CGL project and labor troubles leading to impacts of OTHER groups throughout the company. Senior leaders say "we are all in this together" as desperate measures are taken to keep TC afloat, prop stock price up, and keep investors happy. Very unfortunate non CGL groups have hiring freeze, budget cuts, selloff of $5Billion core assets, and layoffs due to the CGL mess! But, let's keep investors happy an cut our nose off to spite the face. Senior leaders need to step up and do better than this.

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| 2641 views | | 5 replies (last March 27, 2023) | Reply
Post ID: @OP+1lI02p7F

5 replies (most recent on top)

The person that was in charge CGL at the onset when all the bs occurred between finance and the project team - well, her career is flourishing because the now CFO favoured her.

This is the TC way.

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Post ID: @8bju+1lI02p7F

To chime in here, I don’t think it’s necessarily about the managers age it’s more about the depth of experience (which does come with age), maturity and ability to actuality lead a team as opposed to just serve their own career.

The career climbing self focused culture has been allowed to flourish to the Company’s detriment.

Collaboration has gone down the tubes in place of a political me first attitude that is very difficult to undo when in place. People don’t do good work when they are paranoid about being laid off.

When your middle manager is the most stressful part of your job and you fear retaliation that is a big problem.

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Post ID: @2mmw+1lI02p7F

I ignore age and hone ine on competency. Most times, you can see talent far off regardless of age. I concur though, there is a good mix of the good and bad all across TC.

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Post ID: @1alf+1lI02p7F

With that being said, what would be the ideal/min age and competancy requirements for your managers, directors and vp's? I'm curious as others are I bet.

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Post ID: @1oae+1lI02p7F

They fired (with severance) most of the competent people that made this project a reality and could actually execute it properly and replaced them with virtue signalling incompetent charlatans, grifters and self-serving phoneys who have never executed a pipeline project in their life, let alone one of the biggest capital projects in the history of the pipeline industry.

This has some uncanny resemblance to Biden and Trudeau running countries. This company needs to stop this poor governance BS and return to being a competent company who can reliably build capital projects and run its operations. Incompetent internally developed 20 year old managers, 30 year old Directors and 40 year old Vice Presidents are not cutting it when it comes to executing major (or minor) capital pipeline projects!

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Post ID: @1mfg+1lI02p7F

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