Thread regarding Enbridge Inc. layoffs

There were smaller scale layoffs in 2018 and 2019, I know people who had been included on those.

I was part of the 2017 massacre. It was a difficult time but I was fortunate to find another job quickly. I am happier with a lot less stress. If you were recently let go, don't take it personally, even though it is easier said than done.
I had to move my family from the town I grew up in for my new job, but it worked out. Life goes on.

It ain’t over yet…..

“The pipe in the ground hasn't changed in 75 years, only the world above it.”

This and the lousy maintenance they spend on just to keep the pipes running. It’s only a matter of time before another big leak happens like the one they had in Michigan more than a decade ago and it will be another billion dollars of clean up costs. But hey there’s no money for replacement projects coz we need to pay dividends.

Missed in original post:
2016: 530

(I was let go in that round.)

The pipe in the ground hasn't changed in 75 years, only the world above it. Layoffs will only keep working up til a certain point. if you don't trim the bloated leadership and continue trimming the numbers of the people they lead, it will eventually lead to us being out of compliance and getting fined out of our as--s.

from what I observed from these layoffs, the removal of a lot of admin staff and combining their responsibilities to be shared among the analysts and supervisors is gonna be a headache for those affected. keeps the supervisors in the office more than they already are.

The other portion I saw, which I don't necessarily disagree with, was I saw a lot of people let go that were at a stage of their tenure where they can step out the door comfortably, opening up opportunities for fresh blood. But again, there's a balance you need to hit with this. the older heads they got rid of need to be the type of people that demonstrated they weren't able or willing to help coach and train their younger counterparts.

If there is another layoff, I would imagine by that point they'll probably be looking at GDS a little heavier from our new acquisitions. We added a LOT of headcount with those purchases, I don't believe that's being offset by the portions of the business we sold. I'd expect another layoff this year as well, but I don't personally think I'll be as nervous as I was for this one.

A couple of thoughts.

• Absolutely worthless endeavor if anyone in "leadership" wasn't let go. They're the bloat, not the ones turning wrenches.
• Enbridge is no longer a preferred employer. This layoff has absolutely soured the taste of those that work in the field. This company is a paycheck and nothing more.
• There will be another round of layoffs this year. If I could, I'd wager my STIP on it.
• If I've learned anything from university, this company will not learn from their mistakes and it will continue to make them over and over and over...

Remember on top of the 650 they sold Alliance which accounts for 200+/- positions. That gets them closer to the 10% when we are out the door

“The 10% figure that’s been thrown around includes the 650 FTEs which represents about 5.5%. The remainder of the 10%, which would be 4.5%, came from nullifying vacancies and cutting contractors.”

Yup if employees are disposable, so as the contractors.

If Enbridge did not invest in Gas business they had gone under already. So they have to keep buying companies they can’t afford but hey there’s credit. For a huge company that’s a $99B market cap, total liabilities of $80B but cash is only around $6B.

See why they need to continue cutting people? Because manpower needs cash flow and they need to service their debt especially now with higher interest rates. And best of all they need to pay dividends. Lenders are ok with these as long as they can service their debt coz who doesn’t need gas to heat their homes and businesses eh.

So think about if you really have a future. Sometimes big doesn’t necessarily mean stable.

“Also, as much as I hate to say it, layoffs happen all the time, in this company and others. You’d be hard pressed to find a company that doesn’t have them ever so often.”

You’re right there’s layoffs everywhere but it’s not as often as Enbridge. And other companies layoff people coz they’re really losing money, either they need to discontinue a product that’s not making money, product development that’s not feasible, project shelved due to deemed unprofitable.

But that’s not the case in Enbridge, they layoff people in the guise of “cost efficiencies”. So you have to look at the company’s priorities and I bet you it’s the executives pockets and shareholders dividends. You can argue that employees are also shareholders, yeah but it’s a small portion than what institutional investors hold.

A lot of people left on their own and did ok so what’s holding anyone back to look for something else. Well, if you can withstand the stress and sleepless nights it’s your call.

The 10% figure that’s been thrown around includes the 650 FTEs which represents about 5.5%. The remainder of the 10%, which would be 4.5%, came from nullifying vacancies and cutting contractors.

I wouldn’t guarantee that there won’t be another wave of layoffs but if there is it shouldn’t be directly related to this ordeal.

Also, as much as I hate to say it, layoffs happen all the time, in this company and others. You’d be hard pressed to find a company that doesn’t have them ever so often.

Bud I know people who always show up and nice to everyone but still got laid off. It’s a roulette baby!

But you’re right coz 650 is only the employee head count just for this round. It doesn’t include the contractors casualties plus the next round. I hope the stress is worth it for those who stick around, except of course if you had accumulated those years of service already for pension.

But I also heard of people who are “too early to retire but too old to get hired”. So think about it.

Mor lay offs in 2024 before year end. 10% is not 650, but double. So you better show up at work, and be nice to all. Or will be gone in the next run.