Layoff Details
- Reason
- Deepwatch undertook a strategic restructuring to accelerate significant investments in AI and automation, aiming to enhance its technology capabilities and improve operational efficiency. This move, which included the launch of the NEXA AI platform, is part of a broader effort to align the organization for deeper investment in AI-driven capabilities amidst evolving market conditions and rising demands for advanced automation in the cybersecurity sector.
Sources (3)
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Related Articles
Recent Deepwatch News
How AI Agents Are Powering Deepwatch's MDR Transformation - Bank Info Security
Bank Info Security • Dec 26
Cybersecurity firm Deepwatch lays off dozens, citing move to ‘accelerate’ AI investment - TechCrunch
TechCrunch • Nov 12
Cybersecurity Firm Deepwatch Fires One Third of Workforce for AI - tech.co
tech.co • Nov 13
Layoffs Follow Deepwatch’s Push Into AI-Led Security Operations - The National CIO Review
The National CIO Review • Nov 13
Company Info
- Website
- www.deepwatch.com
- Industry
- Security Software
- Headquarters
- Palo Alto, CA, USA
- Founded
- 2015
- CEO
- John DiLullo
- Employees
- 170
Event Snapshot
Employees Affected 80
Percent of Workforce 32.0%
Verification UNVERIFIED
No other canonical layoff events recorded for this company.
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