Cenovus Energy Layoffs

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Topics regarding layoffs at Cenovus Energy

Never ending layoffs

Layoffs should not come as a surprise to anybody working at Cenovus. We've been having continuous layoffs without an end in sight for years now. The whole process has become a simple numbers game, completely ignoring who it is that is getting shown... read more
by | Post ID:
293 views | 5 replies (last )

Protected

How long are ex COP protected against layoffs?
by | Post ID:
716 views | 10 replies (last )

Layoffs Dec and Jan

200-300 ppl in Dec along with some VPs/Directors. Another round in Jan. Soon we will have an entire building sitting empty.
by | Post ID:
1487 views | 26 replies (last )

What’s the latest?

So what’s the latest news st Cenovus? Are you all happy?
by | Post ID:
555 views | 5 replies (last )

SGL reductions for deep basin?

Been hearing the deep basin people could be getting big salary reductions? Any truths to the rumor?
by | Post ID:
583 views | 3 replies (last )

Deep Basin asset sale

Any word on how much production will be sold from this asset?
by | Post ID:
415 views | 1 reply ()

How are those packages looking?

How many months/years of service? Any prorated bonus? Benefits during severance? Anything else? Help the rest of us plan...
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1563 views | 20 replies (last )

Be serious, who really just hopes for a package?

How many of you here at Cenovus are really just hoping you get a package? “Golden handcuffs” as some say. I know I am seriously looking outside. Maybe they should do a survey..
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1037 views | 11 replies (last )

Layoffs today

I heard there is big lay offs happening today??
by | Post ID:
832 views | 4 replies (last )

New CEO

Any thoughts on the new CEO?
by | Post ID:
633 views | 3 replies (last )

Calgary Cenovus layoffs

Layoffs will continue into Q1 2018. Some groups will see more than others. Probably the biggest chunk from conventional being Calgary staff who aren’t moving to one of the acquiring companies. Anybody knows if this is just rumor or is there something... read more
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797 views | 3 replies (last )

Slow layoff bleed

Reductions are happening, albeit slowly.
by | Post ID:
738 views | 6 replies (last )

Drilling Program

What does your Q4 2017 and Q1 2018 drilling Program look like? Are you drilling very many wells?
by | Post ID:
534 views | 2 replies (last )

First round this week.

Conventional will be partially culled early this week. Godspeed.
by | Post ID:
1042 views | 6 replies (last )

Mass layoffs over?

There will indeed be layoffs but not of the mass one or two day variety like we've see over the last three rounds. Probably after each respective deal closes will indicate the timing of it all. I believe you are right, . I think Cenovus... read more
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1203 views | 3 replies (last )

Layoffs

Will there be layoffs? When?
by | Post ID:
917 views | 2 replies (last )

700-800 seems reasonable

Most of the field staff in CONG will go with the new acquiring companies but the office staff are all toast. Probably some of the new Conoco people will get turfed since they seem over staffed for their planned activity levels until 2019 and beyond... read more
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897 views | no replies

Selling Assets

Is Cenovus selling the Deep Basin assets that they purchased from ConocoPhillips? Are you getting ready to drill in Q4 and Q1?
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851 views | 1 reply ()

Layoff numbers?

Heard through the grapevine the number is 700-800 consisting of almost all of conventional operations (hopefully including myself) in Calgary and field as well as some in Deep Basin, finance and other supporting roles.
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1575 views | 7 replies (last )

Asset sales in 2017

will NOT bring the premium in this scenario to offset the metric paid, as timing (and competent leadership) is everything in this business. Also scary overhang re COP held shares, are there any strings attached we don't know of ? Pondering what would... read more
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824 views | 1 reply ()

New CEO

CVE led by Ferguson and his Team operated too much like PCP and CPR, much like ECA before Stuttle. Perhaps Hunter Harrison could help out because the current roster can't and railway mentality runs throughout this unprofitable org
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730 views | 1 reply ()

Drilling

How much drilling will Cenovus do at these prices?
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822 views | 3 replies (last )

Stock price

What is going on with the stock price? How low will it go?
by | Post ID:
536 views | no replies

Divestitures

Company announced 45000bbls/d in divestments, where will the other 55000bbls/d come from? Any guesses?
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669 views | 1 reply ()

Cenovus + Dark Ages

What is with the lack of technology at Cenovus? It's like the Dark Ages here. Also, what's with the leadership? It's the "fear" style over here. It's terrible. If you want to look good, give your teams the best chance at success. If your teams... read more
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1191 views | 6 replies (last )

Destroyers of shareholder value

What is it with the incompetent leadership of this company? One poor decision after another has destroyed shareholder value as the leadership team celebrates this lousy Conoco deal.
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1046 views | 5 replies (last )

Divestiture layoffs?

Anyone know if there will be layoffs as a result of the 2017 asset divestiture program?
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1507 views | 7 replies (last )

Go

I had high hopes when the new VP Upstream came on board but he seems to be a blithering sycophantic idiot just like the other EVP's. The CEO needs to go as well for the simple reason he has failed to deliver on any promises since 2009 with the... read more
by | Post ID:
1700 views | 15 replies (last )

More Layoffs in 2017?

In order to pay the 40+ VPs and 100+ Directors/Managers CVE has, probably more layoff in the upcoming year?
by | Post ID:
1300 views | 3 replies (last )

More Layoffs

Before Q1... more layoffs.. G&A cuts...
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1156 views | 2 replies (last )

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