Thread regarding Enbridge Inc. layoffs

Around 4,000 Layoff in 7 Years

The head count is just piling up. If there’s such a thing as “credit card churning” there’s also such a thing as “employee/contractors churning”.

Bo-m: Over hire; Bust: Layoff
New Blood: Hire; Getting Old: Layoff

Very old infrastructure, top heavy management, cash poor, heavily leveraged.

There’s nothing wrong with staying, everyone has their reasons. Just be aware that you’re not a special resource, you’re just a tool to make money. So be careful with how you manage your money and milk the years while you’re still making good money with Enbridge, if you’re actually making above average compensation in your field.

Ask yourself some hard questions: are the sleepless nights, stress, anxiety, worry over layoffs worth it?

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| 911 views | | 3 replies (last March 2, 2024) | Reply
Post ID: @OP+1rlccdwV

3 replies (most recent on top)

The poster below had a good point about loyalty. The company isn't loyal to you, so act accordingly.
Take all the training you can and keep your resume up to date. I knew this back when I got laid off in 2017 and found another job quickly.

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Post ID: @hsp+1rlccdwV

“I’m not sure the grass is necessarily greener elsewhere; depends where you go I’m sure, so do your homework if you’re going to leave to make sure you’re getting into a better situation.”

This, yes you have to compare not only the base pay but also the benefits like number of hours work per week, pension, vacation days, number of paid holidays, sick days, paid personal appointments, insurance coverage from life, health, dental, travel insurance, critical illness, disability as well as training costs, professional membership dues, health spending accounts. You also have to consider workload. Most of all look at the company’s culture and history of layoffs.

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Post ID: @zvf+1rlccdwV

“Ask yourself some hard questions: are the sleepless nights, stress, anxiety, worry over layoffs worth it?”
I agree with this completely. The days of being loyal to the company and the company being loyal to you are over it seems. I don’t see it as just stress, anxiety, and worry over layoffs though, what’s worse, there are so many other issues that cause stress and anxiety on a daily basis, and the layoffs only compound the existing stress. If that’s the position you’re in, you have to evaluate your own personal circumstances, what’s important to you and what your options are. I’m not sure the grass is necessarily greener elsewhere; depends where you go I’m sure, so do your homework if you’re going to leave to make sure you’re getting into a better situation. I hope things change, but not sure they will and not sure how long it will take! Major culture shifts take time and I believe we need a major culture shift.

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Post ID: @zgy+1rlccdwV

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