Thread regarding ION Geophysical Corp. layoffs

We should have been prepared

Have to hope the insurance pays out to cover the ransom payment. Just think of all the preparations and upgraded hardware and security that could've been bought for a few big fat management salaries!

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| 2091 views | | 3 replies (last December 8, 2021) | Reply
Post ID: @OP+1dWcMnLV

3 replies (most recent on top)

Too many high paid vp's and Directors that still beleive it'll be alright. Even the Business in the UK is losing good people like there is no tomorrow.
Shareholders have been led down the garden path for too long but the management keep spinning it up.

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Post ID: @gwft+1dWcMnLV

They will get sued by large shareholders once news leaks out. Could lead to SEC penalties if they don’t disclose in a timely manner. All this leads directly to bankruptcy court.

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Post ID: @1jme+1dWcMnLV

Ion is finished. Done. Even if they can make the large December debt payment they’ve pi---d off all the good employees enough that they are leaving. A company run by mo--ns supervising some mediocre leftover employees will not long survive.

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Post ID: @1erm+1dWcMnLV

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