Cybersecurity Firm Deepwatch Lays Off Dozens, Citing Move To “accelerate” Ai Investment

Deepwatch, a cybersecurity patient that makes an AI-powered discovery and consequence platform, laid disconnected dozens of labor connected Wednesday, citing AI arsenic 1 of nan reasons.

John DiLullo, CEO astatine Deepwatch told TechCrunch successful an email that nan institution “is aligning our statement to accelerate our important investments successful AI and automation.”

A existent Deepwatch employee, who asked not to beryllium named because they were not authorized to speak pinch nan press, told TechCrunch that nan layoffs affected betwixt 60 and 80 staffers, retired of a workforce of astir 250 employees. A post connected Linkedin by a personification who said they were laid disconnected mentioned 80 group arsenic well. 

“They’re doing thing pinch AI and agentic AI but it sounds for illustration bullshit,” nan existent worker told TechCrunch.

Eight erstwhile Deepwatch labor announced that they were laid off, according to LinkedIn posts seen by TechCrunch. 

Deepwatch is not nan only cybersecurity institution that has conducted layoffs this year. In May, cybersecurity elephantine Crowdstrike laid disconnected astir 500 workers, aliases 5% of its workforce. The cuts came contempt a grounds twelvemonth pinch “operating rate travel of $1.38 cardinal and grounds afloat twelvemonth free rate travel of $1.07 billion,” according to a property merchandise astatine nan time.

Other cybersecurity companies that person trim their workforce this twelvemonth are Deep Instinct, Otorio, ActiveFence, SkyBox Security, and Sophos.