Cybersecurity firm Deepwatch cuts jobs, citing AI focus

Cybersecurity firm Deepwatch recently laid off dozens of employees, attributing the decision to a strategic shift toward enhancing investments in AI and automation, as reported by TechCrunch.

The layoffs at Deepwatch affected between 60 to 80 employees out of a total workforce of approximately 250. The move was part of a restructuring effort to prioritize advancements in AI technology within the company. This decision comes amidst a trend in the cybersecurity industry, with other firms like Crowdstrike also implementing job cuts despite strong financial performance.

The shift toward AI and automation in cybersecurity firms like Deepwatch reflects a broader industry movement toward leveraging advanced technologies for threat detection and response. While these strategic moves aim to enhance cybersecurity capabilities, they also raise concerns about the impact on the workforce.

Source: TechCrunch