I know this is not a popular opinion but working for a publicly listed company like Enbridge gives you zero job security. And this is not unique to Enbridge, just look at the level/amount of layoffs that had been happening since last year across many industries with Tech sector getting the most layoff. Within oil and gas, Suncor trim 1,500 of its workers not too long ago and like Enbridge they’re not exactly losing money.
Companies hire people to make money and they will continue to streamline processes, continuously re-organize, optimize manpower to be more profitable. If management think they can operate with less manpower then it’s called efficiency. Employees are just easy target, a low hanging fruit.
If you look at it this way, you will feel less bad about yourself. I know a lot of good employees who had been laid off since 2015. Don’t take it personally but you really are just a number when time comes they need to trim down the head count.
You can however be proactive by getting your finances in order in case you get laid off. Severance is nice and can help tremendously but you have to be prepared also for the possibility of landing another job with either higher pay, lower pay or not getting a job until 1 or 2 years later. I am saying this because somehow I was able to track previous colleagues who either had gone up the ladder in their current jobs, few had took a job that pays considerably less and some who took quite a while before landing another job. One of them got a job after 3yrs, after losing his properties and going into depression.