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

  1. #121
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    Quote Originally Posted by Disoblige View Post
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    It is true, you have to really be around the block to become comfortable being in those types of positions. And in order to be comfortable, you either have to be super delusional about your own skills and abilities, or you actually did your time and know stuff.
    How many falls in the former, and how many fall in the latter is the question.
    I would say the vast majority fall into the latter category. Aside from the odd exception, the only reason "normal" people think there's a former category is due to delusions of their own abilities or other forms of tall poppy syndrome. Before Buster says it, this is far worse in Canada.

    Quote Originally Posted by killramos View Post
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    I just find peoples fascination with executive pay to be comical.
    Do you mean the general population's lamenting of an executive compensation? Like making $800k salary / ~$2mm in total comp to helm a billion dollar organization with 2,500 people is "no big deal" and the comp is not even a rounding error...

  2. #122
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    Something like that yes.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  3. #123
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    Quote Originally Posted by killramos View Post
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    I just find peoples fascination with executive pay to be comical.
    Me too, I work in the field and when I see the comments on Herald articles I just give my head a shake. That is just one step below the complaints that people have about AHS Exec/Government compensation.
    Originally posted by arian_ma
    your stomach is full of sulfuric acid

  4. #124
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    Quote Originally Posted by killramos View Post
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    Are thousands actually qualified / the people you want steering your ship though?

    People massively glorify how great CEO / executive positions are.

    Most of us wouldn’t last a week or have the stomach for it regardless of how attractive the pay check is. And frankly almost none of us have what it takes.
    Is Tableau a requirement for CEO?


    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.

  5. #125
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    Quote Originally Posted by flipstah View Post
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    Is Tableau a requirement for CEO?
    The ability to understand a tableau chart is
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  6. #126
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    Quote Originally Posted by killramos View Post
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    The ability to understand a tableau chart is
    Oooof


    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.

  7. #127
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    Quote Originally Posted by Neil4Speed View Post
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    Me too, I work in the field and when I see the comments on Herald articles I just give my head a shake. That is just one step below the complaints that people have about AHS Exec/Government compensation.
    Haha they have to bend it to make headlines! But yes, unfortunately a large majority of people don't know how to interpret it.

  8. #128
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    Quote Originally Posted by killramos View Post
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    The ability to understand a tableau chart is
    izcOK4m.gif

  9. #129
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    Quote Originally Posted by killramos View Post
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    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?
    I've talked to a few people about this and this merger/acquisition doesn't make much sense. They have entirely different corporate cultures and there aren't many synergies between the two companies besides that they are both Montney players. I guess it does fix up 7G's balance sheet but I'm not sure what ARC gains besides maybe its Hal Kvisle flexing that they are the biggest Montney guy around? That being said its also very possible that I'm completely missing something and have no idea what I'm talking about.
    Quote Originally Posted by rage2
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    ...Last thing I want is someone reading my posts and losing their cock over it...
    Quote Originally Posted by Sugarphreak
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    Meh, they all look like Jackie Chan to me
    Quote Originally Posted by ExtraSlow View Post
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    Which one has best efficacy at enlarging my dank?

  10. #130
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    I’ve heard 7G’s D&C is hot garbage. So curious how this whole thing goes.

    - - - Updated - - -

    Quote Originally Posted by schurchill39 View Post
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    I've talked to a few people about this and this merger/acquisition doesn't make much sense. They have entirely different corporate cultures and there aren't many synergies between the two companies besides that they are both Montney players. I guess it does fix up 7G's balance sheet but I'm not sure what ARC gains besides maybe its Hal Kvisle flexing that they are the biggest Montney guy around? That being said its also very possible that I'm completely missing something and have no idea what I'm talking about.
    Russians were sniffing around which is another thing I heard that pushed this forward. That’s probably bullshit though.

  11. #131
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    I don't get this Russian sniffing in Canada gas. I think it's the steal tech because Russia has a ton of their own gas.

    Agreed that this merger didn't make much sense.

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    Quote Originally Posted by Neil4Speed View Post
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    Me too, I work in the field and when I see the comments on Herald articles I just give my head a shake. That is just one step below the complaints that people have about AHS Exec/Government compensation.
    We do need that caliber of talent to run AHS. Debatable that they're actually doing a good job.
    Follow me on Instagram and Facebook!

  13. #133
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    The Russian rumors are hilarious. I mean in terms of getting access to technology, there's a few canandian service companies already selling to them, and several more trying like hell to do so.

  14. #134
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    Quote Originally Posted by schurchill39 View Post
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    I've talked to a few people about this and this merger/acquisition doesn't make much sense. They have entirely different corporate cultures and there aren't many synergies between the two companies besides that they are both Montney players. I guess it does fix up 7G's balance sheet but I'm not sure what ARC gains besides maybe its Hal Kvisle flexing that they are the biggest Montney guy around? That being said its also very possible that I'm completely missing something and have no idea what I'm talking about.
    In my opinion your post states exactly why it does make sense - they are both major Montney players which in itself comes with tons of synergies, cleans up 7G balance sheet, and allowed ARC to take advantage of the downturn. Cultural fit is not really a consideration for A&D.

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    In a large organization there's usually varying cultures within different groups anyway. They could have D&C (for example) run a very different culture than the asset teams. There's a few beyonders who work at companies where this seems to work okay. And having one group that's know to be "a mess" is actually a great opportunity for improvement. Shitcan the low performers and problem individuals, install better management and process, profit.

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    Round 2 of the CVE layoffs were just announced to be going ahead next week. I'm thinking this will be slaughter time for HR and Procurement.

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    Quote Originally Posted by engibeer View Post
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    Round 2 of the CVE layoffs were just announced to be going ahead next week. I'm thinking this will be slaughter time for HR and Procurement.
    thoughts and prayers.

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    Quote Originally Posted by engibeer View Post
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    Round 2 of the CVE layoffs were just announced to be going ahead next week. I'm thinking this will be slaughter time for HR and Procurement.
    Ouch. All the best.
    "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

  19. #139
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    Apparently these layoffs have started now.
    Heard 800-1000 heads.

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    9pm layoffs is actually a great idea.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

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