Facing stiff competition from TELUS, new Shaw CEO cut his company's workforce by 4%. I know two people that were laid off today.
Quote:
Notices went out to roughly 150 managers, including vice-presidents of certain operations, and another 350 call-centre support and warehouse employees Wednesday notifying them of their termination.
The reorganization comes as Shaw faces pressure from limited growth prospects in its traditional cable television and Internet products, while chief rival Telus Corp. is making gains in taking market share.
In the last year or so, Vancouver-based Telus has grown its share of the TV market in B.C. and Alberta to 10% overall from 6% at the end of 2009, and the pace is quickening. “Telus has been going after their bread and butter,” the analyst said.
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http://business.financialpost.com/20...cuts-500-jobs/