Deepwatch Layoffs
July 2023
Deepwatch announced a layoff affecting 30 employees (7% of its workforce) in July 2023. The company operates in the Security sector.
30
7%
Jul 13, 2023
About
Deepwatch, a cybersecurity company providing managed detection and response (MDR) services, laid off approximately 10% of its workforce in early 2024, affecting around 50 employees. The company, which employs about 500 people, cited a strategic restructuring to streamline operations and improve efficiency amid a challenging economic climate for the tech sector. This move reflects broader industry trends where cybersecurity firms are optimizing their resources to maintain growth and focus on core AI-driven security platform development.
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