Thread regarding ION Geophysical Corp. layoffs

Wtf

Not quite sure what the criteria is for getting laid off, but wtf? Company seem like it’s nearly dead. Best of luck to them all.

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| 2262 views | | 9 replies (last February 11, 2020) | Reply
Post ID: @OP+13k3zUUk

9 replies (most recent on top)

Company is a complete dumpster fire.

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Post ID: @8thz+13k3zUUk

I am surprised that this company is still in business. Face it, there is nowhere to go, except maybe TGS. Good luck - you will need it.

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Post ID: @8osk+13k3zUUk

Farmer Palmers comment probably dead right about UK processing being next - that office is largely time processing which I think they probably want to outsource all of it to India. Add Houston processing to the list too!

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Post ID: @8bml+13k3zUUk

This company will run itself into the ground then end of 2021 it will cease to exist when the bond is due which they can’t afford to pay

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Post ID: @7gzv+13k3zUUk

What a joke

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Post ID: @5kck+13k3zUUk

Hmm, probably keeping the Texans box and club seats though. Need those for ‘entertaining clients’.

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Post ID: @3csb+13k3zUUk

Around 68 (10% or more of total staff), mixture of staff and contractors, if it had been all the contractors they would have saved 10 times more but then that would mean getting rid of one of the SVP's husbands. Strange that no directors, mangers or vp's kids and relatives got dropped, nepotism is out of control in Houston office. Cairo office got the bullet too after being promised they were ok. UK processing is probably next on the hit list for the next round end of Q3. Concept is safe for the moment as the C suite is banking everything on their software.
Virtually no life left in the company now, really toxic place to work, few good staff left propping up the increasing numbers of mediocre a– kissers, who seem to be the only ones getting anything out of the place. finding it increasingly tough to get data proc clients, and the multiclient has fallen off a cliff............................................................

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Post ID: @2bjz+13k3zUUk

How many this time?

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Post ID: @1xai+13k3zUUk

poorly run company.. didn't change their business model with the times..

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Post ID: @nkr+13k3zUUk

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