Thread regarding ION Geophysical Corp. layoffs

TGS stock on the slide

Is this a repeat of what happened to ION?? Stock lowest since March, recession looming along with oil price slump, bitten off more than you can chew?? Current tgs employees must be worried especially with more employees to pay joining soon

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| 1001 views | | 2 replies (last July 14, 2022) | Reply
Post ID: @OP+1hHzWcRk

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Free cash, might have needed that free cash to get through the next few years

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Post ID: @1wwv+1hHzWcRk

They bought Ion assets with free cash. They will hire the bare minimum to utilize those assets. Last thing they are going to do is incorporate the failed business model of Ion.

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Post ID: @1iri+1hHzWcRk

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