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Has your office / company laid people off or are you expecting layoffs? PART 8 - Page 58 - Beyond.ca - Car Forums

View Poll Results: What is your current employment status?

Voters
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  • I was laid off and haven't found SIMILAR work yet

    11 5.67%
  • I was laid off and found a new job in the same industry

    13 6.70%
  • I was laid off and found a new job/career in a different industry

    11 5.67%
  • I'm still plugging along with the same company I've always been with

    97 50.00%
  • I quit my job and went elsewhere

    21 10.82%
  • We're all fucked

    42 21.65%
  • Other

    4 2.06%
Multiple Choice Poll.
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Thread: Has your office / company laid people off or are you expecting layoffs? PART 8

  1. #1141
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    Fair. For $190 roundtrip, tax in, can't complain too much.
    DOES ANYONE NEED A GO-JUICE?

  2. #1142
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    Quote Originally Posted by lasimmon View Post
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    The Cenovus (Husky) purge is to start in full on Monday from what I have heard.
    Thatíll be a big one. Any rumours if all 2200 will be in a couple weeks, or prolonged like suncor?
    "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."

    -H.P. Lovecraft

  3. #1143
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    Quote Originally Posted by adamc View Post
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    Not my employer but big news from Westjet coming this morning, 1000+ and major route cuts coming.

    https://calgary.ctvnews.ca/westjet-a...ions-1.5258896
    WestJet used to be a place a lot of people wanted to work. From someone I know there, apparently morale is the lowest it's ever been and people are putting in crazy hours, like up to 14 hours per day.
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  4. #1144
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    Quote Originally Posted by Darkane View Post
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    That’ll be a big one. Any rumours if all 2200 will be in a couple weeks, or prolonged like suncor?
    Wife said that in the townhall they mentioned it would be waves through out the year as opposed to one big hit. I imagine this would be the sensible thing - get rid of some, see what you can manage with then reduce further.

  5. #1145
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    Quote Originally Posted by nzwasp View Post
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    Wife said that in the townhall they mentioned it would be waves through out the year as opposed to one big hit. I imagine this would be the sensible thing - get rid of some, see what you can manage with then reduce further.
    You mean like waves of 49 people?

  6. #1146
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    Quote Originally Posted by Tik-Tok View Post
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    You mean like waves of 49 people?
    No idea - I dont know whats the point of keeping it out of the media spotlight - would layoffs affect their stock price, everyone is expecting the axe to fall.

    One thing that did puzzle me was if they are keeping the stock symbol of CVE then why payout everyones RSU and PSUs? perhaps to change the LTI remuneration strategy in the future.

  7. #1147
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    Quote Originally Posted by nzwasp View Post
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    No idea - I dont know whats the point of keeping it out of the media spotlight - would layoffs affect their stock price, everyone is expecting the axe to fall. One thing that did puzzle me was if they are keeping the st.
    Less about media and more about requiring to give 16 weeks notice to the government.

  8. #1148
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    Quote Originally Posted by Euro_Trash View Post
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    ^^Same story at NAL
    GG, NAL was a great company to work for.
    sig deleted by moderator, click here for info

  9. #1149
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    Quote Originally Posted by nzwasp View Post
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    Wife said that in the townhall they mentioned it would be waves through out the year as opposed to one big hit. I imagine this would be the sensible thing - get rid of some, see what you can manage with then reduce further.
    Knowledge transfer.


    Quote Originally Posted by nzwasp View Post
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    No idea - I dont know whats the point of keeping it out of the media spotlight - would layoffs affect their stock price, everyone is expecting the axe to fall.
    Paper work.


    If an employer intends to terminate the employment of 50 or more employees at a single location within a 4-week period, the employer must give the Minister of Labour and Immigration written notice of at least 4 weeks.
    You don't have to do that if you let go 49 every month.

    But if they have 2200 to go thru, may as well put that into 2-3 pools and deal with it that way.

    Also going slow may also allow some to leave voluntary at relatively low cost... but usually those are the ones you really want to keep.
    Last edited by Xtrema; 01-08-2021 at 02:32 PM.

  10. #1150
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    Quote Originally Posted by Xtrema View Post
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    Knowledge transfer.
    well im hoping my wife keeps her job as i have been accustomed to her large pay and my cushy lifestyle. Won't be the same if we have to live on my income.

  11. #1151
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    Quote Originally Posted by nzwasp View Post
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    well im hoping my wife keeps her job as i have been accustomed to her large pay and my cushy lifestyle. Won't be the same if we have to live on my income.
    Well, always have a plan for that scenario. This is Calgary, we have got thru these cycles like every 5-6 years. This is probably the longest down cycle in history, probably even longer than the one in the 80s or 90s.

  12. #1152
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    Although Regus/IWG have been in Chapter 11 for a while, it seems like their rapid expansion is catching up with them in Calgary. So far Ive heard of clients in two locations that were given less than a weeks notice to vacate.. with talk of more to follow. Most recent one was the 17th Ave location this week and from what I understand it was a days notice to clear out your office.

  13. #1153
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    I rent a "virtual office" from Regus/IWG in Denver
    They've been fantastic to deal with. Hope that location keep operating.
    Quote Originally Posted by killramos View Post
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    If there is one thing I know for sure. ES has no Aspen goals

  14. #1154
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    Quote Originally Posted by Xtrema View Post
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    Well, always have a plan for that scenario. This is Calgary, we have got thru these cycles like every 5-6 years. This is probably the longest down cycle in history, probably even longer than the one in the 80s or 90s.
    There is statistical data that strongly suggests this downturn is something different from previous cycles because it isn't a cycle but a downward trend.
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  15. #1155
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    Is it time to gtfo of Calgary


    Quote Originally Posted by Buster View Post
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    The benefit of masks is not known at this time. But we do know it is some non-trivial amount more than zero.

    We also know that the cost of mask use is, essentially, zero.

    So the cost:benefit of mask use is approaching infinity. I'll take that every time. And every time I see someone without a mask, I think they are stupid.

  16. #1156
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    Quote Originally Posted by nzwasp View Post
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    Wife said that in the townhall they mentioned it would be waves through out the year as opposed to one big hit. I imagine this would be the sensible thing - get rid of some, see what you can manage with then reduce further.
    Until you work in that environment and literally everyone starts to say, screw it I'm probably next.
    Definitely pro for large layoffs and get it out of the way. As opposed to the Penn West/Obsidian method of layoff round #30 and constant team changes because "contingent worker #5" has now been axed.

  17. #1157
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    Quote Originally Posted by flipstah View Post
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    Is it time to gtfo of Calgary
    Yeah, 10 years ago.

  18. #1158
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    I left in '15 when I was told "take your vacation now, we'll be flat out this winter" and then the winter was completely dead.

    Miss the mountains but happy I pulled out when I did.
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  19. #1159
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    Quote Originally Posted by msommers View Post
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    There is statistical data that strongly suggests this downturn is something different from previous cycles because it isn't a cycle but a downward trend.
    Every downturn looks like a trend until it doesn't. If people didn't think it would be a downward trend, then things would be going back up.

  20. #1160
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    Quote Originally Posted by Buster View Post
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    Every downturn looks like a trend until it doesn't. If people didn't think it would be a downward trend, then things would be going back up.
    Where's that guy from the short term investment thread to do his EW analysis on the Calgary economy? Are we in wave (c) of A of 3, or what?

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