Staff in Edinburgh have been made redundant after subsea technology firm Beam fell into administration.
It is understood around 200 people have lost their jobs across offices in Edinburgh, Westhill and Bristol, just months after the firm was set up in September last year through the merger of Rovco and Vaarst.
Staff at the Edinburgh office, at The Bayes Centre, Potterow, have lost their jobs after a LinkedIn post from Beam’s head of talent acquisition and crewing James Reynolds confirmed the news.
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As Business Insider reports, he wrote on Thursday: “Today marks the end of Beam … as of today, all employees have been made redundant.”
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Beam’s vice president of marketing Helen Batt also wrote: “The company that over 200 incredibly talented people gave their all to – delivering technology to drive the energy transition – is no more.”
Beam used artificial intelligence and and automated technology on robotic ships and underwater vehicles to service offshore wind farms. In January, it was listed at number 40 in The Sunday Times 100 Tech list and had been reported to be looking to raise more than £100m late last year.
Aberdeen-based undersea tech firm Rovtech has stated that it will extend applications for several north east roles to give former Beam staff.
Chief executive John Polson commented: “My thoughts are with all those affected during this difficult period; many of whom I know personally having worked with them over the last few years.
“Understanding that job loss brings a wave of uncertainty, we are extending our applications for several Aberdeen-based roles.”