Topics regarding layoffs at CGG Veritas

Topics regarding layoffs at CGG Veritas

Is it just a coincidence?

Shares go up, shares go down since Sophie took over it's all gone down! 184.86 (-83.72%) past 5 years 37.65 (-51.16%) past year 4.56 (-11.25%) past 6 months 1.44 (-3.84%) past month 2.05 (-5.41%) past 5 days

Viridien??????

Huh?? What?? SZ, CEO, Viridien, said: "Our new name, Viridien, connects our company's history to our future, confidently positioning us for accelerated growth as an Advanced Technology, Digital and Earth Data Company." So it’s the name that’s been... — read more 

CGG pay cuts

The CGG poverty wages continue with real terms pay cuts for most and the usual lack of transparency and consistency across the board. Unless you’re winding down for retirement or waiting for a fat redundancy that will never come what’s the point of... — read more 

No room for talents

It's sad how few talented and capable employees remain at CGG. The best are long gone. No one wants to work in this kind of atmosphere that fosters unhealthy competition among employees. It's crazy how little management cares about retaining... — read more 

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| 2244 views | | 7 replies (last November 1, 2022)
Post ID: @OP+1jorNrk8

I work as much as I am paid

Considering the amount of work I do, I am far from a fairly compensated employee. And then the manager comes in with his unrealistic expectations, trying to add even more to my plate. Does anyone take their expectations seriously anymore? I don't... — read more 

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| 2399 views | | 9 replies (last October 11, 2022)
Post ID: @OP+1ipKce7P

ANOTHER ONE BITES THE DUST

CGG sales off Smart Data Solutions to Access USA and Oasis UK as of January 4th. SDS was the smallest piece of the CGG pie but the one that remained profitable year-to-year. The pearls in the crown are thrown to the pigs and the diamonds turn out to... — read more 

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| 2507 views | | 6 replies (last February 21, 2022)
Post ID: @OP+1fbwcJxX

how much time does CGG have?

CGG is still making quarterly losses, the debt pile is enormous and the credit line is being further reduced by each loss. With the majors culling oil and gas spend and no sign of a major pickup, is it over for CGG?

Nothing much left

So, GeoSoftware is now sold. That leaves about 3,000 out of what was recently a company of 12,000 - and that still includes Sercel! It's a bit like the knight in Monty Python that thinks he can keep fighting when all his limbs have been chopped off!... — read more 

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| 2734 views | | 4 replies (last August 8, 2021)
Post ID: @OP+1c5qIEB9

How the he-l???

We are not making any money despite the data processing being done. We have a massive amount of debt which is not going down. We continue to spend money we do not have. HOW ARE WE STILL IN BUSINESS?

Green careers?

Has anyone tried transitioning their career to renewables? I’m thinking about making a career change and I wonder how sensible that move would be. I still do not have a good insight into the opportunities and job offers in this sector. I am... — read more 

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| 2325 views | | 1 reply (February 27, 2021)
Post ID: @OP+19xZXtJl

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