As the Vancouver Canucks cleaned out their lockers and met with the media on Thursday following their four-game, first round exit from the playoffs at the hands of the San Jose Sharks, general Manager Mike Gillis said he is ready to make major adjustments to his roster.

"We're going to do a thorough review of everything in the organization. Five years ago we reset. It's time to do it again," said Gillis as he answered questions on lineup changes and head coach Alain Vigneault's future. "There are a couple of significant changes we need to make to get players we need to compete."

When asked if goaltender Roberto Luongo would be a member of the team next season, Gillis said it would be, "unlikely."

As far as other changes are concerned, Gillis is already aware of the direction he needs to take his roster moves.

"If you take Cory as a No. 1 goaltender, he's at the prime of his career; our defence is at their prime," said Gillis. "We need to get younger.

"We've tried offer sheets and trades at deadline. We're going to have to find a bold move."

Luongo started the first two games of the series in place of injured keeper Cory Schneider and believes that his time as the No. 1 choice for the Canucks is over.

"What's happened over the last two years suggests that maybe it's not my time to be the starter here anymore," said Luongo on Thursday.