Cybersecurity firm Deepwatch lays off dozens, citing move to “accelerate” AI investment

Deepwatch, a cybersecurity steadfast that makes an AI-powered detection and effect platform, laid disconnected dozens of employees connected Wednesday, citing AI arsenic 1 of the reasons.

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

A existent Deepwatch employee, who asked not to beryllium named due to the fact that they were not authorized to talk with the press, told TechCrunch that the layoffs affected betwixt 60 and 80 staffers, retired of a workforce of astir 250 employees. A post connected Linkedin by a idiosyncratic who said they were laid disconnected mentioned 80 radical arsenic well. 

“They’re doing thing with AI and agentic AI but it sounds similar bullshit,” the existent worker told TechCrunch.

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

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

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