Thread regarding CGG Veritas layoffs

There is a lot of anger in CGG

New CEO believes CGG will survive as a data processing house and equipment manufacturer. Probably the most misguided idea possible, as she will shortly find out. People are leaving as they are being forced on to a new cheaper contract ahead of being sold, so are voting with their feet. Nobody will be left in Maritime as a consequence by April when these new contracts will need to be signed. There is a lot of anger in CGG as a result of the complete mismanagement of the Company.

Posted by @WQlzQ8U-6esk, on point.

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| 2141 views | | 2 replies (last January 4, 2019) | Reply
Post ID: @OP+WWdiHyl

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Looks like CGG are following the Westerngeco "business plan", flogging off the seismic acquisition & hoping that there is enough money in processing to see them through. Good luck with that!

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Post ID: @1cvq+WWdiHyl

what is the source of of what CEO believes?

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Post ID: @eac+WWdiHyl

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