RE:RE:ENB cutting 650 jobs (about 5%) It's a sign of a company with the right objectives for its shareholders. With new technology and AI a lot of positions are becoming redundant. Enbridge has a responsibility to shareholders to spend money wisely and reduce costs where it makes sense to do so.
“While we delivered strong financial performance in 2023, cost-reduction measures are necessary to maintain our financial strength, be more cost competitive and enable us to grow.”