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

[killramos]

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Jeebus Harold McChrist!
I got 6 weeks total for over 8 years of service a few years ago. One of these things is not like the other.

Well the reality is in 2021 none of these people are likely to work in industry again. Probably sub 10%.

It’s a shitty reality, and compensation / retirement bridging should be commensurate.

[sabad66]

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Supposedly the multiplier was slightly less than 1.5 months but not far off. That is assuming (all-in comp) / (years of service).

I say supposedly because I was lucky enough to be kept around. That's based off comments from three friends.

That is pretty good! Thx for insight, I guess my contact wasn’t bullshitting lol

[ExtraSlow]

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Well the reality is in 2021 none of these people are likely to work in industry again. Probably sub 10%.

It’s a shitty reality, and compensation / retirement bridging should be commensurate.

Yes, many of these people will never get professional work again. That's depressing, but true.

[Disoblige]

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Well the reality is in 2021 none of these people are likely to work in industry again. Probably sub 10%.

It’s a shitty reality, and compensation / retirement bridging should be commensurate.

This quote is hidden because you are ignoring this member. Show Quote

Yes, many of these people will never get professional work again. That's depressing, but true.

I feel like these are two different meanings.

Does killramos mean that those people will never work in the O&G industry again? Well, that might be true but not the end of the world.

Does ES mean these people will never work professionally again? That seems a stretch..

[killramos]

I mean, in Calgary they mean practically the same thing.

[ExtraSlow]

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I feel like these are two different meanings.

Does killramos mean that those people will never work in the O&G industry again? Well, that might be true but not the end of the world.

Does ES mean these people will never work professionally again? That seems a stretch..

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I mean, in Calgary they mean practically the same thing.

I mean, if they are over 40 and have only oil and has experience, they may as well put a swastika on the resume, because that's probably equally offensive in many industries. SOME non-zero fraction of these people will legitimately never get professional work in any industry.

[schurchill39]

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I mean, if they are over 40 and have only oil and has experience, they may as well put a swastika on the resume, because that's probably equally offensive in many industries.

That is probably the best description of how the world views O&G workers I've ever read. Back in 2015 I know a ton of people who couldn't even get part time work driving a gravel truck or working as a general laborer because they had O&G experience on their resume. Friends who own companies in the trades have admitted that as soon as they see anything O&G related, even if its just mention of a project you worked on, they toss your resume right in the trash. That's also been my experience from a good portion of jobs that that I've applied for outside of the industry over the years - "sorry, we don't hire anyone from the oil patch so your resume wasn't considered for this position". Currently I am busy enough that I've stopped the outside search, but I know I would be fucked regardless if I wanted out of oil & gas or not.

[Disoblige]

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I mean, if they are over 40 and have only oil and has experience, they may as well put a swastika on the resume, because that's probably equally offensive in many industries. SOME non-zero fraction of these people will legitimately never get professional work in any industry.

Wow that is a dire outlook. Good thing O&G isn't going away any time soon.
But at the same time, I would hope less and less young folks are starting their career in this industry if they can help it.

I know a lot of kids out of high school who got sucked into the O&G life, and now they are all unhealthy and have no future. Really sad to see.

[killramos]

Well the bittersweet news for the young kids is whether they want to work in O&G or not no one is going to hire them.

To be clear this isn’t me alluding to the industry going away, but that as a general statement continued contraction of the labour force working in the industry continues to be expected, and frankly it’s pretty tough to justify training someone green for a role when there are thousands of out of work experienced people who are willing to do it for entry level compensation.

A lot of work just isn’t as labour intensive as it used to be and the general expectation is for teams to do more with less for the foreseeable future.

What will things look like 5,10 years from now? Even if someone claimed to have an idea I wouldn’t pay their crystal ball much credit.

[blownz]

Being an engineer doing government infrastructure work is busy right now and should be for the foreseeable future. Not as glamorous or lucrative as some big ego p-eng's like though...

[ExtraSlow]

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Wow that is a dire outlook.

I lived it man, and I had recruiters and hiring managers tell me my resume went right into the trash because the stain of my oil and gas employment history. I had SAIT tell me not to bother applying for thier "fast track" program because they'd never be able to find a work placement for me.

I like think think I'm no worse than average in terms of adaptability or presebtability.

Some folks will be successful in pivoting to other industries and some will get back to oil and gas and some, like I said, will not get professional work again.

[Cagare]

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Being an engineer doing government infrastructure work is busy right now and should be for the foreseeable future. Not as glamorous or lucrative as some big ego p-eng's like though...

It's downright swamped right now for the past year. I keep asking myself how can the government keep spending like this. The urban infrastructure business hasn't seen a slow down since the early 90's.

Agreed though, definitely not as lucrative as some other options out there, but certainly consistent.

[schurchill39]

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Agreed though, definitely not as lucrative as some other options out there, but certainly consistent.

Consistency is key!

[msommers]

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That is probably the best description of how the world views O&G workers I've ever read. Back in 2015 I know a ton of people who couldn't even get part time work driving a gravel truck or working as a general laborer because they had O&G experience on their resume. Friends who own companies in the trades have admitted that as soon as they see anything O&G related, even if its just mention of a project you worked on, they toss your resume right in the trash. That's also been my experience from a good portion of jobs that that I've applied for outside of the industry over the years - "sorry, we don't hire anyone from the oil patch so your resume wasn't considered for this position". Currently I am busy enough that I've stopped the outside search, but I know I would be fucked regardless if I wanted out of oil & gas or not.

Sounds like my exact experience. Is it because so many workers in the past left as soon as things were booming again?

[Disoblige]

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I lived it man, and I had recruiters and hiring managers tell me my resume went right into the trash because the stain of my oil and gas employment history. I had SAIT tell me not to bother applying for thier "fast track" program because they'd never be able to find a work placement for me.

I like think think I'm no worse than average in terms of adaptability or presebtability.

Some folks will be successful in pivoting to other industries and some will get back to oil and gas and some, like I said, will not get professional work again.

Damn...

[ExtraSlow]

The sait thing was the most demoralizing of all. A program designed for people with degrees and work experience and their career placement person basically told me not to bother. He sounded apologetic, but it was pretty crushing.

[Disoblige]

Only way to 7.2 is stonks.

Shrooms, tech, memes... all possible paths

[killramos]

I thought you had to marry your way to 7.2

[ExtraSlow]

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I thought you had to marry your way to 7.2

I'd say that's a viable option.

[bjstare]

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I thought you had to marry your way to 7.2

This is the way.