Yes, that is awful! When you zoom in I think the “orange peel” is actually blistering . Will have to go back to gel coat and completely start again. It will need etch priming before normal priming and painting.That doesn't look a good paint job - even the surface that doesn't appear to have blistering seems to have an impressive orange peel effect. It looks as if the guy who did the respray didn't have a dryer on his compressor and was either in a hurry or inexperienced. Hopefully your next respray will achieve a better result.