Topics regarding layoffs at CGG Veritas

Topics regarding layoffs at CGG Veritas

Layoffs in Bolney

bunch of staff being made redundant very sad ,it came out the blue as centre not been open long

Is your glass half full or half empty?

Positive Points Viridien (CGGYY) reported strong performance in its geoscience and Earth data segments, with revenue up 24% year on year. The company achieved a credit rating upgrade to B- from Standard & Poor's, reflecting improved financial... — read more 

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 

No layoffs because people are quitting

I don't know if this is true for the entire company, but it's certainly true for my BU. People are getting fed up with being overworked and not paid enough for all the extra cr-p we're expected to add to our plates so they're walking away. I'm not... — read more 

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| 1411 views | | 5 replies (last February 8, 2024)
Post ID: @OP+1qAn9P0u

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 

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| 2938 views | | 9 replies (last February 11, 2024)
Post ID: @OP+1lJUI4rX

2023 Predictions for CGG

What are your predictions for 2023? Will CGGs cataclysmic decline contine under the current management oppression?

OMG CGG!!

Land multi-client sold to SEI?!?! Well done DeChump.

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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| 2291 views | | 7 replies (last November 1, 2022)
Post ID: @OP+1jorNrk8

Unpleasant Workplace

When a workplace becomes toxic, its poison spreads beyond its walls and into the lives of its workers and their families.

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| 2172 views | | 8 replies (last November 11, 2022)
Post ID: @OP+1jj0RfCt

Officially not a “Great Place To Work”

Management seemed to need a Great Place To Work survey to tell them something the rest of us knew already. All they seem to want to do about it though is implement a few quick fixes so we can pass the survey threshold next time around and put the... — read more 

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| 2371 views | | 5 replies (last October 6, 2022)
Post ID: @OP+1iYserQi

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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| 2448 views | | 9 replies (last October 11, 2022)
Post ID: @OP+1ipKce7P

Replacing us with new and cheaper employees

This is the management style of this company - doing nothing to keep good employees, considering them absolutely replaceable, and when they leave, replace them with new and cheaper employees. Do they really think this is sustainable in the long... — read more 

How many of you are really happy here?

Someone rightly noted that in every company there are periods when employees enjoy their job and periods when they would most rather quit. However it becomes problematic when the number of those who feel like quitting becomes greater than of... — read more 

I pray to be laid off

I don't even care if that makes me sound like an as----e, but I pray for layoffs and I pray they include me. I'm done with this place.

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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| 2554 views | | 6 replies (last February 21, 2022)
Post ID: @OP+1fbwcJxX

Galileo

What's the timeframe for closing Galileo? Will the staff their be offered alternative locations?

CGG Crypto Mining

Is it true that CGG is using its processing servers to mine crypto currency in off-hours? If so, where does this income show up on the quarterly reports.

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| 2562 views | | 4 replies (last January 10, 2022)
Post ID: @OP+1eknoOMb

This place is done

Only fools believe they have a future here. Everybody else has either left already or is trying to leave.

What’s the strategy?

What is Sophie’s strategy to turn the company around, make it profitable and get the debt pile down to a manageable level? Anyone know?

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| 2761 views | | 2 replies (last October 23, 2021)
Post ID: @OP+1diXrb4H

That's GeoSoftware gone, then...

So, GeoSoftware has officially gone now. Here's the bookies' odds for what's next... North Sea Data Library - Evens Sercel 2-1 Galileo - 7-2 All Data Library - 4-1

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| 2113 views | | 1 reply (October 4, 2021)
Post ID: @OP+1d9M33SU

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?

Ideal ratio of managers to workers?

This seems to me to be a company for managers. My opinion is that this situation is unsustainable because the company will soon have more managers than employees. More and more people are leaving, but managers are staying. It seems to me that CGG... — read more 

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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| 2765 views | | 4 replies (last August 8, 2021)
Post ID: @OP+1c5qIEB9

Business lines for sale

Multi-physics has been sold and other businesses are apparently up for sale - any suggestions for what’s on the chopping block?

9/80

What's the work schedule at cgg? Do they offer 9/80 schedule?

This is a much bigger problem

CGG is carrying legacy debt from the days when they delivered the full suite of seismic services and products. I recall many years when one business bailed out another (Sercel and land) to deliver OK results. They still carry the debt but now only... — read more 

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?

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