CGG Veritas Layoffs

Topics regarding layoffs at CGG Veritas

Another $100M loss

You can be as asset light as you want, but it won’t solve your incompetence problem.

CGG FUTURE ?

WITH LAYOFFS CURRENTLY VERY LOW IS THE FUTURE OF CGG MUCH MORE POSITIVE? RECRUITMENT, BONUSES AND SALARIES ARE ON THE RISE. NEW CONTRACTS BEING WON. OIL PRICES LOOKING GOOD ALONG WITH GREAT CGG RESPONSE TO COVID-19. THE FUTURE LOOKS... —  read more 

Net loss

Net loss of $61M for the yr. Not the result promised ...

FIVE GO AT REDHILL

1 JUMPED, 4 PUSHED. THE 4 PUSHED OUT WERE ALL IN ONE TEAM. BEWARE OF VISITS BY HUMAN RESOURCES.

CGG Exits from Seabed Data Acquisition Business

SO BASICALLY WE ARE PAYING FUGRO TO TAKE OVER THIS PART OF OUR BUSINESS ?????????? FUGRO ARE LAUGHING ALL THE WAY TO THE BANK. https://www.cgg.com/en/Investors/Press-Releases/2019/12/CGG-Exits-from-Seabed-Data-Acquisition-Business Paris... —  read more 

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Post ID: @OP+12MYPHyC

Marine Fleet

What's happening to the marine fleet? How many vessels are currently operational?

Death of a Giant

My fellow victims. The year was 2012 - London a heady, lovedrunk party carnival atmosphere celebrating biodiversity of the Olympian proportions including (but not limited to) the since k–ler Oscar Pistorious, on the blades, scything through the... —  read more 

spaffing money up the wall / increasing debt

so cgg are splashing out on new 42 inch screens and new wireless keyboards/mice for all in the uk along with pc upgrades. our debt is increasing yet managers are still spending money we do not have. if this was a household budget we would be pulling... —  read more 

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Post ID: @OP+ZYzSsO6

Age a liability

Is it just me, or has age become a liability at CGG? Everybody in their fifties and above (and in some cases late forties) seem to be the first to be considered when it comes to layoffs. I'm not sure how is this okay, since age discrimination is... —  read more 

Any more layoffs this week?

A few people have been laid off by CGG since Monday, but so far today I haven't heard anything about more. Does that mean that the layoffs are done for now? That this was just a really small round that targeted a few selected people, or will there be... —  read more 

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Post ID: @OP+YoBfyOi

Job page down?

Every other time I like to browse positions that are still coming up at CGG. My heart still goes out to them although I have already left ages ago. However, this morning when browsing to https://www.cgg.com/en/Join-Us/Professionals it just sends me... —  read more 

Earnings Release

Just when you think it can't get worse, another big loss with massive write offs. Net loss of 790M Euro in Q4. Stock down another 8%. —  read more 

Desperate times call for desperate id--ts

Is it just me or are LinkedIn posts from staff of a certain bankrupt French former-seismic acquisition company becoming a little pathetic? It seems the boss man (or lady) has instructed all junior staff, with no knoweledge of the industry, history... —  read more 

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Post ID: @OP+XQWmpEP

New Contracts....??

What are the pros and cons of signing or not signing new contract for marine?

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Post ID: @OP+XqIaMPB

Selling off Fugro Geoscience

Ladies and Gentlemen, Which of the Fugro acquisitions do we think is most likely to be packaged up and sold off for dog food in the short term? Furgo Robinson Fugro Jason Fugro Airbourne Fugro NPA Fugro Seismic Imaging My sources close to those in... —  read more 

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Post ID: @OP+Xmmtc6F

Starting redundancy again

So time has come with more and more employees going from the company. Who will be left if anyone the way the company is being driven into the ground.maybe just the few who are not able to find work anywhere else or just grasping at straws. Could just... —  read more 

How about a solution?

The fact that CGG can go the market and get cheaper marine acquisition prices than what they could manage internally with their own boats just goes to show how incredibly inept and inefficient this company is. Marine acquisition should be THE core... —  read more 

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Post ID: @OP+X3rUAyg

There is a lot of anger in CGG

New CEO believes CGG will survive as a data processing house and equipment manufacturer. Probably the most misguided idea possible, as she will shortly find out. People are leaving as they are being forced on to a new cheaper contract ahead of being... —  read more 

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Post ID: @OP+WWdiHyl

Marine...?

What's happening with the marine fleet???? How comes most of the vessels are not in production? Is this the end of the road?

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Post ID: @OP+WTlzxNq

more lay offs

With a recent clear out of office staff based in the Houston office it seems to be hotting up more each week. Just now most of what's left of the CGG marine fleet is tied up alongside in Tampico Mexico unable to start work most probably due to more... —  read more 

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Post ID: @OP+WQlzQ8U

Incompetent management

Ladies and gentleman, this pitiful state CGG is in right now is what you get when you let people who have no place running a company run the company. Majority of upper management got where they are through nepotism and a---kissing, and boy does it... —  read more 

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Post ID: @OP+WvqGrk5

CGG Vessels

Can anyone tell me what seismic vessels CGG is currently operating? Are any CGG vessels currently operating in the Gulf of Mexico? tx —  read more 

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Post ID: @OP+WoZNYX5

Stock Price

Well, CGG is down again. Today it is at $1.49, down 8.5%. Will it get below $1.00 by the end of the year or the end of January? This company will end up with bankruptcy and being sold off in pieces to pay sc-aps to the debt holders.

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| 1891 views | | 14 replies (last )
Post ID: @OP+WhBvpHY

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