Got a call from a former colleague last week. Told me the "COP layoff machine finally caught up to him" and he and another person in his group were let go two weeks ago. Layoffs are still happening, just at a pace well below the 500-person level that triggers a city notice.
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The US expats are here to break up the Canadian assets; plain and simple. Regardless how RL spins his shrink to grow strategy, Canada will not see the light at the end of the tunnel.
Weird thing @LNeylRU-2xbt: in the OSBU, almost all the managers are expats...
Expats still around in Canada cause osbu is ran by terrible management.
Need the Americans to hopefully show them how it's done
Why are expats still around? In Canada we still will have expats in oil sands. Why not send them home and save a couple of our jobs? They are easily replaceable and I'm sure with them leaving, it'll create a more pleasant work environment for us all. Their negativity and arrogance will definitely not be missed.
Location and BU?
The continued layoffs should not be a surprise. The announced $5B to $8B in 2017 assets sales is the latest in the continued downsizing of the Company. There are not any hiding places for surplus employees, managers & executives (particularly in the Lower 48). The Company is top-heavy for the reduced asset base, reduced budget, lower employee head-count. The intended end-point may be the outright sale of the Company.
I told someone that's what was going on, but had no confirmation. Then I was told layoffs won't happen until fall. They were letting people go lay spring, but kept it hush hush until it had to be announced. One more dirty maneuver of management is revealed with this tactic!