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Lazy TikTok Girl Is Laid Off And Doesn't Understand WhyI haven't heard any rumors of them going under. I'd imagine there would be cyclical layoffs tied to oil & gas prices. I'd guess they'll be fine. CGG is still making quarterly losses, the debt pile is enormous and the credit line is being further reduced by each loss. With the majors culling oil and gas. Again, these are numbers not seen since , when a total of , layoffs were announced in January and February, CGG said. �Right now, the overwhelming.