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

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

Deepwatch, a cybersecurity firm that makes an AI-powered detection and response platform, laid off dozens of staff on Wednesday, citing AI as one in all the causes.

John DiLullo, CEO at Deepwatch told TechCrunch in an e mail that the company “is aligning our organization to accelerate our significant investments in AI and automation.”

A current Deepwatch worker, who requested not to be named because they weren’t licensed to converse with the press, told TechCrunch that the layoffs affected between 60 and 80 staffers, out of a workforce of round 250 staff. A publish on Linkedin by an individual who said they have been laid off talked about 80 people as nicely. 

“They’re doing something with AI and agentic AI but it sounds like bullshit,” the current worker told TechCrunch.

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Do you will have more info about the layoffs at Deepwatch? Or about layfoss at other cybersecurity corporations? From a non-work device, you’ll be able to contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, or by way of Telegram and Keybase @lorenzofb, or e mail. You also can contact TechCrunch by way of SecureDrop.

Eight former Deepwatch staff announced that they have been laid off, according to LinkedIn posts seen by TechCrunch. 

Deepwatch isn’t the only cybersecurity company that has carried out layoffs this yr. In May, cybersecurity large Crowdstrike laid off round 500 employees, or 5% of its workforce. The cuts got here despite a report yr with “operating cash flow of $1.38 billion and record full year free cash flow of $1.07 billion,” according to a press release at the time.

Other cybersecurity corporations that have lower their workforce this yr are Deep Instinct, Otorio, ActiveFence, SkyBox Security, and Sophos.

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