Deepwatch, a cybersecurity agency that makes an AI-powered detection and response platform, laid off dozens of staff on Wednesday, citing AI as one of many causes.
John DiLullo, CEO at Deepwatch, informed TechCrunch in an e 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 licensed to talk with the press, informed 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 mentioned they have been laid off talked about 80 folks as nicely.
“They’re doing one thing with AI and agentic AI nevertheless it appears like bullshit,” the present worker informed TechCrunch.
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Do you’ve extra details about the layoffs at Deepwatch? Or about layoffs at different cybersecurity corporations? From a non-work system, you’ll be able to contact Lorenzo Franceschi-Bicchierai securely on Sign at +1 917 257 1382, or by way of Telegram and Keybase @lorenzofb, or e mail. You can also contact TechCrunch by way of SecureDrop.
Eight former Deepwatch staff introduced that they have been laid off, in response to LinkedIn posts seen by TechCrunch.
Deepwatch will not be the one cybersecurity firm that has performed layoffs this 12 months. In Might, cybersecurity large CrowdStrike laid off round 500 staff, or 5% of its workforce. The cuts got here regardless of a document 12 months with “working money circulate of $1.38 billion and document full 12 months free money circulate of $1.07 billion,” in response to a press launch on the time.
Different cybersecurity corporations which have minimize their workforce this 12 months are Deep Intuition, Otorio, ActiveFence, SkyBox Safety, and Sophos.
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