Deepwatch, a cybersecurity firm that offers an AI-driven detection and response platform, laid off numerous employees on Wednesday, with AI being cited as a factor.
CEO John DiLullo shared with TechCrunch that the company is “aligning our organization to accelerate our significant investments in AI and automation.”
A current Deepwatch employee, who wished to remain anonymous due to not being authorized to speak to the media, informed TechCrunch that the layoffs impacted between 60 and 80 staff members from a total workforce of approximately 250. A LinkedIn post by someone who reported being laid off also mentioned a figure of 80.
“They’re doing something with AI and agentic AI, but it sounds like nonsense,” the current employee stated.
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Eight former Deepwatch employees revealed that they were laid off, according to LinkedIn posts reviewed by TechCrunch.
Deepwatch isn’t the only cybersecurity firm making cuts this year. In May, CrowdStrike, a major player in the field, laid off around 500 employees, which accounted for 5% of its total workforce. This decision came despite reporting a record year with “operating cash flow of $1.38 billion and record full year free cash flow of $1.07 billion,” as stated in a press release at the time.
Other cybersecurity companies that have also reduced their workforce this year include Deep Instinct, Otorio, ActiveFence, SkyBox Security, and Sophos.
