Thread regarding Cenovus Energy layoffs

Happy New Year , " you filthy animals" ! Wish no layoffs, higher bonuses and salary increases in 2025!

New year, new layoffs! Bring em on! Wouldn’t mind having my mental health back and an acceleration to my retirement!

52 week low again!! No demand.

The demand just isn’t there. Oil and gas on the decline. They will have to keep cutting until there’s nothing left. The good days are gone.

They’ll offload the refineries soon!

They need to do something to retain good, hard working employees. Not only did many great people who were great at their technical jobs leave in 2024, but they also laid-off several amazing professionals in the recent rounds. Dump some of the middle management, dump a large portion of the over-inflated HR department and give whoever is left some decent bonuses! Bonuses have tanked since Jon took control, direct correlation to marxist Husky bonus strategy…give the incompetents the same ranking and bonus as the top employees. Nobody worth their salt is going to stay if they continue that lame bonus strategy.

2025: Husky 2.0
I see another merger…. err excuse me, another acquisition. Oh wait… nobody wants this dumpster fire

Don’t matter who you put at the top they’ll still make sh-t decisions , you need to skid the board of directors , put people that think logically in there , maybe then they’ll finally turn the office around and stop promoting yes men and start promoting people that know what they are doing

Of course the scorecard will be low! Look at our stock price! Do you think the Board would take Jon seriously if he asked for a higher scorecard right now ?!?!!
Stupid people.

Peabody ran husky into the ground. The years Jon was there were some of the best performing years. Regardless this company is not working as well as it can or should be. There are great people here from both legacy companies but we need one culture and people leaders to let the experts do their job.

Brian Ferguson was an accountant CEO at Encana and he almost ran that company into the ground as well. I agree. Accountants are not CEO material.

if more layoffs included some of the toxic, recently acquired, incompetent and unqualified management, that would be a step in the right direction.

I’m confident 2025 will be much of the same. No accountability, lack of transparency, promotions of incompetent yes men (sorry, yes people), underperforming stock price, micromanaging, toxic moral, …..and let’s not forget, more layoffs!

Never trust accountant CEO. Anyone. With all due respect, accountants should never be CEOs.

Jon was CFO at Husky, not CEO