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 instructed TechCrunch in an electronic 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, instructed TechCrunch that the layoffs affected between 60 and 80 staffers, out of a workforce of round 250 staff. A post on Linkedin by an individual who mentioned they had been laid off talked about 80 individuals as effectively.
“They’re doing one thing with AI and agentic AI but it surely seems like bullshit,” the present worker instructed TechCrunch.
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Eight former Deepwatch staff introduced that they had been laid off, based on LinkedIn posts seen by TechCrunch.
Deepwatch just isn’t the one cybersecurity firm that has carried out layoffs this 12 months. In Could, cybersecurity big Crowdstrike laid off round 500 employees, or 5% of its workforce. The cuts got here regardless of a report 12 months with “working money circulation of $1.38 billion and report full 12 months free money circulation of $1.07 billion,” based on a press launch on the time.
Different cybersecurity firms which have reduce their workforce this 12 months are Deep Intuition, Otorio, ActiveFence, SkyBox Safety, and Sophos.
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