Thread regarding CGG Veritas layoffs

Does CGG really have a future?

Where do you see CGG in 5 years time?

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| 1702 views | | 6 replies (last July 19, 2022)
Post ID: @OP+1hI0MfMX

6 replies (most recent on top)

no doubt still paying the ladies 20% less than the gents. LOL

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Post ID: @4yjm+1hI0MfMX

In five years cgg will be a corporation that has expanded within the limits of environmental, energy transition, and infrastructure businesses, which it considers growth opportunities. It will have funded growth using its legacy businesses as dying cash cows until selling those at a salvage value. The value of its transactions will be smaller, and with far less total annual turnover than historical. It will have bet the farm on a continuing appetite for replacing fossil fuels with renewable energy. Still not a bad approach given the state of the seismic business.

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Post ID: @2zdn+1hI0MfMX

They still have a huge debt and they need the beyond the core activities to save the company.

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Post ID: @1ibw+1hI0MfMX
  1. No (Does CGG really have a future?)
  2. Sercel only still alive (Where do you see CGG in 5 years time?)
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Post ID: @1woh+1hI0MfMX

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