Topics regarding layoffs at CGG Veritas

Topics regarding layoffs at CGG Veritas

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?

Technip Takeover

Sophie appointed to Technip board, makes you wonder if a Technip takeover is back on the cards. The company is a lot cheaper now compared what it was in 2014. ... — read more 

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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| 2351 views | | 1 reply (February 27, 2021)
Post ID: @OP+19xZXtJl

Reasons you are still at CGG?

CGG is my former workplace, I left recently before they could fire or lay me off. I couldn’t take it anymore because suddenly there was no reason for me to stay. The stock price speaks volumes about the state of the company. I just wonder, why do... — read more 

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| 3900 views | | 6 replies (last February 23, 2021)
Post ID: @OP+19r56Ir2

CGG pledges carbon neutrality by 2050

I would have thought that pledging profitablilty by 2050 would be the first step. The optimism that they will still be around in 2050 is grounds for hope. Presumably by relocating to Shanghai. PS Polarcus defaulting: thoughts on that?

Covid-19 Plan

Q2 $147M loss and cost reduction plan announced. Anyone know what this involves ?

Another $100M loss

You can be as asset light as you want, but it won’t solve your incompetence problem.

CGG FUTURE ?

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 

Net loss

Net loss of $61M for the yr. Not the result promised ...

FIVE GO AT REDHILL

1 JUMPED, 4 PUSHED. THE 4 PUSHED OUT WERE ALL IN ONE TEAM. BEWARE OF VISITS BY HUMAN RESOURCES.

CGG Exits from Seabed Data Acquisition Business

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 

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| 1970 views | | no replies yet
Post ID: @OP+12MYPHyC

HOW IS CGG STILL IN BUSINESS IN THE UNITED KINGDOM?

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 

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| 3920 views | | 9 replies (last October 17, 2019)
Post ID: @OP+11m5asUU

Marine Fleet

What's happening to the marine fleet? How many vessels are currently operational?

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| 2040 views | | 2 replies (last September 24, 2019)
Post ID: @OP+10Z1uwIG

Death of a Giant

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 

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| 3570 views | | 5 replies (last November 7, 2019)
Post ID: @OP+10EXEwNk

spaffing money up the wall / increasing debt

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 

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| 2230 views | | no replies yet
Post ID: @OP+ZYzSsO6

Age a liability

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 

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| 4270 views | | 8 replies (last September 3, 2019)
Post ID: @OP+YIydgcx

Any more layoffs this week?

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 

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| 2230 views | | 1 reply (April 4, 2019)
Post ID: @OP+YoBfyOi

Job page down?

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 

Earnings Release

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%.

Desperate times call for desperate id--ts

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 

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| 2312 views | | 2 replies (last March 4, 2019)
Post ID: @OP+XQWmpEP

New Contracts....??

What are the pros and cons of signing or not signing new contract for marine?

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| 1690 views | | 1 reply (February 2, 2019)
Post ID: @OP+XqIaMPB

Selling off Fugro Geoscience

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 

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| 3040 views | | 7 replies (last February 3, 2019)
Post ID: @OP+Xmmtc6F

Starting redundancy again

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 view from the Field

A retrospective analysis of what was wrong with CGG marine. https://yadi.sk/i/OlRo2yI0gvmyZw

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| 1990 views | | 7 replies (last January 18, 2019)
Post ID: @OP+X98nJ8x

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