Deepwatch, a cybersecurity agency that makes an AI-powered detection and response platform, laid off dozens of workers on Wednesday, citing AI as one of many causes.
John DiLullo, CEO at Deepwatch, instructed TechCrunch in an electronic mail that the corporate “is aligning our group to speed up our important investments in AI and automation.”
A present Deepwatch worker, who requested to not be named as a result of they weren’t approved to talk with the press, instructed TechCrunch that the layoffs affected between 60 and 80 staffers, out of a workforce of round 250 workers. A put up on Linkedin by an individual who mentioned they had been laid off talked about 80 individuals as nicely.
“They’re doing one thing with AI and agentic AI nevertheless it seems like bullshit,” the present worker instructed TechCrunch.
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Eight former Deepwatch workers introduced that they had been laid off, in line with LinkedIn posts seen by TechCrunch.
Deepwatch isn’t the one cybersecurity firm that has performed layoffs this yr. In Might, cybersecurity large CrowdStrike laid off round 500 employees, or 5% of its workforce. The cuts got here regardless of a document yr with “working money movement of $1.38 billion and document full yr free money movement of $1.07 billion,” in line with a press launch on the time.
Different cybersecurity corporations which have reduce their workforce this yr are Deep Intuition, Otorio, ActiveFence, SkyBox Safety, and Sophos.
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