Emerson Lays Off Paradigm Staff
Emerson has laid off staff from its Paradigm business, the company confirmed in an email to Rigzone on Sept. 24.
The reduction in staff affects less than 20 positions globally at a handful of locations, an Emerson spokesperson said in the email. About 800 people globally work within the Paradigm business at Emerson today. Paradigm is a provider of software solutions for the oil and gas industry.
“With Emerson’s acquisition of Paradigm last year, Emerson and Paradigm management identified certain positions at Paradigm that are no longer required or can be better leveraged across multiple businesses for economies of scale and efficiency,” the spokesperson said. “The majority of these are back-office positions. These staffing reductions will also allow us to achieve some cost efficiencies and reinvest in other areas.”
Emerson said it will offer severance and career counseling to affected employees.
Following the acquisition of Paradigm in October, Emerson CEO David N. Farr referred to the acquisition as “a significant technology investment” that would broaden Emerson’s leadership in upstream oil and gas.
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