Calgary-based Cenovus Energy confirms it is laying off a number of employees

Calgary-based Cenovus Energy confirms it is laying off a number of employees

Cenovus Energy is laying off staff.

Canada's Cenovus confirms job reductions ahead of earnings this week

Cenovus Energy Cuts Workforce Before Q1 Report

Cenovus Energy (TSX: CVE) has confirmed job reductions this week as it faces mounting pressure to improve performance ahead of its Q1 2025 earnings release tomorrow. The company cited structural reviews and project completions as the impetus for the layoffs, which affected both employees and contractors. “We have reviewed some team structures, which has led to some employees and contractors leaving the company,” Cenovus stated, emphasizing the c…