Ion announces stock repurchase program - see link below. Key sentence here -"The stock repurchase program may be implemented through open market repurchases or privately negotiated transactions, at management's discretion." Wild guess here - the... — read more 

So between this round of layoffs and others the company plans to reduce expenses by $80 million. Well the company was in the red by $128 million last year. Someone should ask Hanson where he plans to get the other $48 million from, and whether any of... — read more 

It's only 25%. I am pretty sure I'll be cut regardless. Good luck to all.

Announcement on the ION website: http://www.iongeo.com/News_and_Events/Press_Releases/Press_Release/?id=2084513 Anything to keep Hanson's $1.9 million per year paycheck coming in. Pathetic attempt to try to spin this in a positive light by referring... — read more 

60% layoffs will not happen - just not the way ION does things, but the company does face serious challenges in both the near and long term. In the near term there is a simple lack of cash to keep the business running. It can be seen from the... — read more 

What is the BoD thinking? ION is all but done due to the CEO and the Engineering Department. The CEO is ultimately accountable for what you are reading in this string of posts, but the Board continues to let him prosper financially. Tactically... — read more 

Will it save or kill the company?

Calypso is gone and so is OceanGeo, the company has had huge layoffs while their so called restructuring is all about making a few more managers positions available, The real issue is the company lives in the past and will not or cannot accept it... — read more 

60% won't surprise me at all. IO stock closes at $0.46 today, it has been pulled up above $1 by a due date in order not to be delisted by NYSE. How can ION do? Denver processing unit already been sold. The other intuitive option is staff cut. Deep... — read more 

60% layoff coming imminently

any news? i hard rumors, i am not with IG any more but have many friends who are still there.

The morale is horrible and will continue to be bad for a long long time

you will get no respect here

dozens of new positions posted - E&P is doing just fine

Something like 30% just got let go.

Something like 30% just got let go.

Go to the careers site and you'll see many many positions open - so NO LAYOFFS AT ION - WE ARE HIRING AND GOING STRONG - God bless

The rumors are building up again - I am not sure if ION will go thru cuts again but I can tell you that I've heard from at least three different folks similar stories about the cuts planned for this year. I personally think the cuts at ION will take... — read more 

"Anonymous , Thursday 9/05/13 1:19 AM" - do you know how many folks got canned? Do you know what's going on at Stafford, Texas and Houston?

"Anonymous , Thursday 9/05/13 1:19 AM" - do you know how many folks got canned? Do you know what's going on at Stafford, Texas and Houston?

Huge layoff today at INOVA Geophysical. Richardson, TX R&D facility closed down, Stafford, TX & Canada employees handed their walking papers... Get ready to move to China folks...

Ion is currently hiring, there are open positions in Engineering, Professional Services and Science groups. Check it out by following the link on Ion's website.

We had some folks let go here in Houston (CityWest)

with everything that's going on i cannot believe that ion's board is silent.