Cenovus reduces head count by another 250 employees this week
Cenovus Energy announced it let go nearly 250 employees on Tuesday as part of a previously announced restructuring. The cuts are part of the 440 layoffs announced earlier this year. Spokesman Brett Harris said the bulk of the planned layoffs were now complete and no further layoffs are expected for the remainder of the year.
In total, Cenovus now has only 3,600 employees, 30% fewer employees than it did at the start of last year.