Deepwatch, a cybersecurity firm known for its AI-powered detection and response platform, recently announced a workforce reduction to realign its resources towards advancing AI and automation technologies.
According to John DiLullo, CEO of Deepwatch, the decision to lay off dozens of employees was part of the company’s strategy to intensify investments in AI and automation capabilities, as reported by TechCrunch.
While the exact number of affected employees remains undisclosed, sources suggest that between 60 to 80 staff members were impacted, representing a portion of Deepwatch’s approximately 250-person workforce. Some former employees have expressed skepticism regarding the purported focus on AI.
Deepwatch’s restructuring efforts are not unique in the cybersecurity sector. Earlier this year, industry peers like CrowdStrike and other companies undertook similar measures, despite reporting strong financial performance.
This move underscores Deepwatch’s commitment to enhancing its technological infrastructure by leveraging AI and automation to bolster its cybersecurity solutions in an evolving threat landscape.
Source: TechCrunch