CGG's stock price from $2000 in 2008 to $0.51 now. It is a garbage stock
Topics regarding layoffs at CGG Veritas
It was announced back in the beginning of August that multi-physics would be sold off to Xcalibur group, since then we’ve heard nothing. Is it still happening?
I heard that almost 1/3 employees were "cut off". Is that true?
When it's quiet you know something bad is happening.
Q2 $147M loss and cost reduction plan announced. Anyone know what this involves ?
Daily Post says 15 or 60 to go, depending who you listen to. The cookie is still crumbling, sadly.
You can be as asset light as you want, but it won’t solve your incompetence problem.
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
Start packing. Happening in August.
Net loss of $61M for the yr. Not the result promised ...
1 JUMPED, 4 PUSHED. THE 4 PUSHED OUT WERE ALL IN ONE TEAM. BEWARE OF VISITS BY HUMAN RESOURCES.
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
Considering the level of the debt CGG has compared to other companies where administrators have been called in (Thomas Cook is 1 example) how are we still trading.? Not only are we still trading, we are spending ever more money on staff, bonus... — read more
What's happening to the marine fleet? How many vessels are currently operational?
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
I've heard rumours, anyone know how many are going?
Colleagues, how do we feel about the impending Q2 financial results re: employment security?
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
Another $30M loss, debt climbing back up now at $868M
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
Or are things improving?
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
Two from Redhill being pushed out the door.
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
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%.
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
Q4 will be announced Mar 8'th!!
What are the pros and cons of signing or not signing new contract for marine?
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
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
A retrospective analysis of what was wrong with CGG marine. https://yadi.sk/i/OlRo2yI0gvmyZw
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
Anyone know what they do? How staff are involved? What is the likely impact on its sell off?
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
What's happening with the marine fleet???? How comes most of the vessels are not in production? Is this the end of the road?