2021 layoffs MEGA THREAD (Part 9, by popular demand)

[killramos]

It’s taken you long enough to notice

[ExtraSlow]

[mr2mike]

He bought that new truck to impress someone!

[Andy643]

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Agree that seems to be a big thing in the tech industry. Have been told by several recruiters that your resume is your history of passion projects, preferably on github or elsewhere, more than anything else. Pretty foreign concept to someone who couldn't possibly do career related work as a hobby. Really doesn't compute.

I'm the least passionate person out there, and have basically zero hobbies, which truly did work against me in my job search.

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Disagree, I think your posts are far more helpful than most

Lots of lurkers who are interested in what you have to say I imagine.

This.
Appreciate everyone sharing the knowledge. Not much to add as far a the conversation goes but alone for the ride.

[nzwasp]

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Agree that seems to be a big thing in the tech industry. Have been told by several recruiters that your resume is your history of passion projects, preferably on github or elsewhere, more than anything else. Pretty foreign concept to someone who couldn't possibly do career related work as a hobby. Really doesn't compute.

I'm the least passionate person out there, and have basically zero hobbies, which truly did work against me in my job search.

You seem pretty good at camping and helping people.

[ExtraSlow]

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You seem pretty good at camping and helping people.

you should see how helpful I am WHILE camping. it's incredible.

[schurchill39]

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To be fair, in a lot of ways, I get it.

For me quite a lot of the “value” in my experience is in technical details and concepts that have no transmissibility outside of even just a fraction of the oil and gas sector. Tbh while we lump it all together as “oil and gas” I wouldn’t even be able to honestly say I have the qualifications to do my role at Suncor in oil sands because it’s a completely different technical skill set. I have this discussion with my wife all the time where I have to point out that a fair part of what I do is completely useless outside of my field.

I have at least admitted this to myself, identified it, and have spent the better part of the last 4 years trying to claw my way out of that pigeon hole with at least a bit of success. Bonus points being that I like what I am doing way more these days.

It’s tough to admit to yourself that large portions of the skills you have developed are frankly pretty invaluable to most potential employers. Maybe this doesn’t apply to everyone but it sure as heck applies to me, and I think Rage touched on that to a degree wrt to tech positions.

My wife and I have this same conversation frequently too. I have a very specialized skillset that would not be applicable outside of O&G (maybe geothermal... maybe) so a direct crossover to literally anything else would be impossible. Even trying to transition into a broader role within this industry has proven difficult as I provide more value on that specialization than I do in the bigger scope of work. This in turn stunts growth. Instead I try to focus on the general skills I do within that specialization like project management, budgets, cost analysis, performance tracking, etc as those are applicable anywhere. That being said, having the opportunity to even speak to those points in an interview is tough. I completely agree with you that its hard to admit your experience and skills mean nothing because although you are valuable in that role you aren't shit anywhere else. Thankfully my wife's resume is pretty impressive and she has such a huge variety in the types of projects she's worked on that there isn't anywhere she could go where she wouldn't have had an applicable experience in her portfolio. It makes it easier when you have someone like that able to carry the team as you try to get a job managing a 7-11.

In regards to the assumption that people want to get paid equivalent to what they were making in oil and gas - I can definitely see that being a deterrent for any hiring manager to even want to speak to someone. I know in the interviews I've had over the past few years its always been a huge topic of conversation where they try and pry pervious salaries out of me but a good way to handle it is by saying that I would expect to be compensated fairly for the position and have no expectation of parity to a completely different industry. That's always steered the conversation into the pay range for what is normal for the role and usually gives me more insight on wage vs responsibilities. That being said I also have a friend who was successful at switching industries/job types and he was/is pissed at the pay difference between his previous senior level role and his new junior level entry position so there is definitely some truth behind that stereotype.

I like Rage's approach and I wish more hiring managers would take it. Don't shut someone out because they used to work in a certain industry, instead give them a chance to either show you why they would or would not be a good candidate. If they are the type of person that fits the oil patch stereotype of jumping ship the second another opportunity comes up, or expect an exorbitant salary then that should pretty easy to weed out in the interview.

[ExtraSlow]

Oil and Gas has been going through a salary recalibration the last 5 years too, so people in other industries that think they are paying "40%" less might be more comparable than they think. I'm personally making 38% less than my peak in wages alone, and it's a bigger discount than that when you factor in bonuses, RRSP matching etc. Probably making 50% now.

[lasimmon]

So Arc and 7G merging. How many more layoffs coming from that?

[killramos]

Wow. That is pretty out of left field. I’m guessing not enough layoffs for a PR.

VII is around 150 employees but pretty technical, my guess is 20-30 layoffs on their side short term the rest by attrition?

Unless my understanding is wrong on their head count?

[ExtraSlow]

A few hundred minimum. That's big stuff. I'm still mad about arc not hiring me back in 2008.

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synergies that are expected to deliver approximately $110 million in annual cost savings by 2022.

What's $110 million worth of total compensation?

[Buster]

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A few hundred minimum. That's big stuff. I'm still mad about arc not hiring me back in 2008.

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What's $110 million worth of total compensation?

15.2 Aspenites.

[cars5431]

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A few hundred minimum. That's big stuff. I'm still mad about arc not hiring me back in 2008.

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What's $110 million worth of total compensation?

What position did you apply for in 2008?

[ExtraSlow]

Production Engineer. May have the year wrong by one or two. Had a couple rounds of interviews, got toured around the offfice in the E&Y tower and introduced to the team.

[ThePenIsMightier]

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Production Engineer. May have the year wrong by one or two. Had a couple rounds of interviews, got toured around the offfice in the E&Y tower and introduced to the team.

LoL, so dumb when they introduce you to people before deciding. Like, why?

[ExtraSlow]

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LoL, so dumb when they introduce you to people before deciding. Like, why?

That may have been the third interview? They used to be legendary for the 5-round interview process because they were all about "culture fit". I mean, the process clearly doesn't work, or they would have hired me, obvs.

[Euro_Trash]

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A few hundred minimum. That's big stuff. I'm still mad about arc not hiring me back in 2008.

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What's $110 million worth of total compensation?

They had posted $45MM in "Corporate Cost" synergies (I am also curious how they deal with so much technical staff in GP vs Calgary - ship everyone down?).

[ExtraSlow]

Keep em in GP. Thats a strength not a weakness.

[Euro_Trash]

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Keep em in GP. Thats a strength not a weakness.

I think you're probably right with Holt in the COO seat, which could mean some people end up relocating up there.

[ExtraSlow]

No need to have everyone in the same office anyway. Do like Ovintiv and have two head offices. It works fine.