Thread regarding CGG Veritas layoffs

Do you think we'll have layoffs soon?

What's your opinion?

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| 1943 views | | 11 replies (last )
Post ID: @OP+1gocw6G0

11 replies (most recent on top)

@ Vader is back
Your post makes no grammatical sense whatsoever. Cannot imagine anyone being jealous of your very poor writing skills. CGG is better off without you.

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Post ID: @plha+1gocw6G0

As a manager at Cgg I must say. Over last time made tons is goodies to organisation and I found rather then support a lot of jealousy from other managers. Go back to basics. I’m off. Who needs who. I’m better version of myself elsewhere.

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Post ID: @okjx+1gocw6G0

maybe morrisons will decide to diversify and buy us out, lock stock and oily barrell.

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Post ID: @gaof+1gocw6G0

Their loss this quarter was relatively small.
I think they just need to get rid of the equipment section and concentrate on the processing and earth data stuff.

Actually (as an ex-CGGVeritas type) I'm impressed at their finally managing to leverage the remote sensing ex-Fugro bunch, and also shifting the emphasis of the rock-properties lot in N Wales to the CCUS/geothermal/energy transition market.

As for processing, there will always be fresh, clueless graduates to entice in and replace the ones who get fed up after 5 years of politics. As long as they keep just a few of the "10-years-to-retirement" expensive folk there to tell them how not to mess up, it might work. The market is picking up again and the margins for the high-end processing will increase.

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Post ID: @cxip+1gocw6G0

those waiting for a payoff will be disappointed. cgg just wait for them to die, retire or get so fed up they join shearwater. they dont care which.

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Post ID: @bshp+1gocw6G0

We've not seen the last of the layoffs

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Post ID: @2rxb+1gocw6G0

look at CGG's performance during the last several months. market cap steadily climbing and far above the segment's losers. high oil prices, which have always correlated with the health of seismics, have few obvious downward forces. it might make it.

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Post ID: @2xyt+1gocw6G0

Is that place still going? I thought they would have shut up shop years ago and relocated to Crawley.

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Post ID: @2saj+1gocw6G0

Thirty have just been laid off in North Wales this month.

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Post ID: @1ztk+1gocw6G0

Bloody well hope so! Been praying for a pay-off for months!

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Post ID: @sln+1gocw6G0

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