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Recent studies on Hopf bifurcations of neural networks with delays are confined to simplified neural network models consisting of only two, three, four, five, or six neurons. It is well known that neural networks are complex and large-scale nonlinear dynamical systems, so the dynamics of the delayed neural networks are very rich and complicated. Although discussing the dynamics of networks with a few neurons may help us to understand large-scale networks, there are inevitably some complicated problems that may be overlooked if simplified networks are carried over to large-scale networks. In this paper, a general delayed bidirectional associative memory neural network model with n+1 neurons is considered. By analyzing the associated characteristic equation, the local stability of the trivial steady state is examined, and then the existence of the Hopf bifurcation at the trivial steady state is established. By applying the normal form theory and the center manifold reduction, explicit formulae are derived to determine the direction and stability of the bifurcating periodic solution. Furthermore, the paper highlights situations where the Hopf bifurcations are particularly critical, in the sense that the amplitude and the period of oscillations are very sensitive to errors due to tolerances in the implementation of neuron interconnections. It is shown that the sensitivity is crucially dependent on the delay and also significantly influenced by the feature of the number of neurons. Numerical simulations are carried out to illustrate the main results.