There have been some layoffs of long term employees (24+ years) working in downstream recently. All from legacy Husky. More to come.

How many job cuts are planned? Anyone in HR willing to blow a whistle?. They can’t monitor this site.. it’s just threats. People’s livelihood is at stake, so be human and give us something for info.

A realignment of staffing levels will allow the company to achieve its targets while operating in a very challenging economic environment. This will take place through voluntary and involuntary separations in the weeks and months to come. We are... — read more 

Four years ago today I was “retired” from Husky. I took the summer off collecting EI before starting with another company in the fall. I left that position two years ago to become a consultant. Guess which company is one of my clients?

Three terminations in my downstream area today. None were managers. Please post on other areas of the company.

All the major oil&gas companies seem to share similar issues: the constant looming threat of layoffs, poor and overcrowded management, a toxic work environment, and pressure to overperform and do excessive overtime. Any differences between them seem... — read more 

Cenovus has found a buyer for Minedosa Ethanol Plant … https://www.cenovus.com/News-and-Stories/News-releases

What you all think about the upcoming threat? There's likely well shutdowns and layoffs cause our oil will be expensive for US refiners to buy?

Be ready for the classic post town hall WFP reductions aka layoffs!

Jon has done it again! Another Refinery blow up. This time financially! He blew one up while at SU and was fired. Jon and Refineries should stay far away.

Has anyone else been told to pause their work and related travel immediately? I am really concerned because this seems very abrupt and similar to “stopping core”. My concern is why my line of work is being abruptly paused and what will happen to my... — read more 

https://ca.marketscreener.com/quote/stock/SUNCOR-ENERGY-INC-1411810/news/National-Bank-Notes-Discussions-Around-M-A-Potential-Of-Suncor-Cenovus-Combination-45829706/

With Husky we all worked and made a life for our families with Husky Energy. Cenovus Energy is such a volatile work environment is one that is frequently changing, unpredictable, and unstable. It can be caused by incompetencies from middle and upper... — read more 

I think Jon used a few of these executives as scape goats for his own incompetence. Buying all those downstream assets was a company ruining mistake. BP is laughing at us. They’ll lose more money this quarter as these downstream jokers slowly pull us... — read more 

5 execs "retiring?" Yikes. Good luck all, looks like we're in for it in 2025.

Any truth to the interest in buying Irving? Could that be the "buying" rumor going around?

For the letters being sent by HR regarding roles being outsourced, is this via mail? Manager? Email? Happy holidays…

One more round of layoffs, and we’ll have very few, if any, people left that we can rely on.

Well let’s see, they won’t release the corporate score until Feb 20th, just before bonuses, so I’m betting we are all getting sc--wed over again by Jon. The 2025 scorecard will probably be just as unachievable as the 2024 and 2023 ones were. Almost... — read more 

“ General and administrative (G&A) costs are expected to remain flat relative to 2024, and expenses related to IT systems upgrades are projected to decrease significantly as the project will be recalibrated through 2025.” Any guess on head count... — read more 

Does anyone know why Toledo’s leadership is forcing headcount reductions by year end? Seems like it’s an urgent need suddenly to offload 50 to 60 salary folks with no information as to why. Is it a sale ?

Downstream layoffs set for work week 9th of dec 2024 to 13th of dec 2024. Next wave to follow work week 15th of jan 2025. That will be targeting management roles that are no longer needed. Source: @2uuv+1vRZpCf4

Did the layoffs started yet or not for employees?

Any truth to the rumour about purchasing Gear Energy? Not a huge acquisition I guess.

Speaking broadly, is it best to accept the severance package if offered, or decline signing and fight it for more?

Any rumors about next week? I’m so sorry for all the folks who were let go this week. We are paying the price for CORE. And many other mistakes. I have yet to see people actually responsible to suffer consequences of their bad decisions.

Something happened yesterday? More layoffs expected in conventional ? Is it the gas price ?

But let’s be clear here there are some basic questions. Someone has wasted probably close to $100M right? Who started this project and who signed off on it ? How much of shareholder dollars have actually been spent? Who at the top is going... — read more 

Core Optimization pause a harbinger of larger layoffs ahead. All the employees seconded to the project will have to be re-absorbed back into their groups creating an excess number of employees that will need to be trimmed. Anybody know what really... — read more 

In the simplest of terms why do people buy shares in Cenovus? Is it for refineries where we are a bottom quartile operator? Is it for Deep Basin assets where our land base is too gassy and the overhead is too high compared to our peers. People buy... — read more 

There’s been quite a bit of rumors circulating lately.

The last post must have hit a nerve. CVE had it taken down. Confirmation of fourth quarter layoffs coming. Good luck everyone

It’ll happen yet again. Cenovus is an oilsands company, not a refining operation. Management needs to figure this out already.

Two seasoned employees let go so far this morning in my department.

We made it over 2 years without major layoffs this time. Take care everyone.

Word on the street is layoffs are coming for downstream positions. Anyone know our strategy behind this? Curious if the targets are mainly US refining positions or also the corporate roles in Calgary.

So how many positions are being cut from the refineries in the U.S. ? How about Dublin?