Deepwatch, a cybersecurity firm specializing in AI-powered detection and response, laid off dozens of employees on Wednesday, citing increased investment in AI as a primary reason.
John DiLullo, Deepwatch CEO, informed TechCrunch via email that the company is “aligning our organization to accelerate our significant investments in AI and automation.”
A current Deepwatch employee, speaking anonymously due to authorization constraints, indicated to TechCrunch that between 60 and 80 staffers were affected. The company’s workforce totals approximately 250 employees. A LinkedIn post by a laid-off individual corroborated the figure of 80 affected persons. The anonymous employee expressed skepticism, stating, “They’re doing something with AI and agentic AI but it sounds like bullshit.”
Eight former Deepwatch employees have publicly announced their layoffs on LinkedIn, as observed by TechCrunch.
Deepwatch is among several cybersecurity companies conducting layoffs this year. In May, CrowdStrike reduced its workforce by approximately 500 workers, representing 5% of its total staff. These reductions occurred despite CrowdStrike’s reported “operating cash flow of $1.38 billion and record full year free cash flow of $1.07 billion,” according to a press release issued at the time.
