In the latest trading session, Okta (OKTA) closed at $82.14, marking a -0.77% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.32%. Meanwhile, the Dow experienced a drop of 0.71%, and the technology-dominated Nasdaq saw a decrease of 0.2%.Shares of the cloud identity management company have appreciated by 0.39% over the course of the past month, underperforming the Computer and Technology sector's gain of 9.33% and the S&P 500's gain of 4.59%.Investors will be eager ...

Okta is slashing 7% of its workers as part of a restructuring. The layoffs, announced Thursday, will result in approximately 400 Okta employees losing their jobs, according to a filing with the Securities and Exchange Commission (SEC).In a statement to FOX Business, Okta called it a "very difficult decision but necessary to fulfill our commitment to profitable growth while running the business with greater efficiency." The identity technology company informed affected employees on Thursday after CEO Todd Mc ...

Headlines of layoffs in the tech sector continue to roll in. Today’s latest contributor to the revolving door that is the U.S. technology sector is Okta (NASDAQ:OKTA). This latest round of Okta layoffs will affect around 400 employees, with the company cutting around 7% of its staff in this latest cut.Notably, this move follows a previous round of layoffs a year prior. The company is seeking increased profitability and the ability to invest in its core high-growth segments. January can be a month in which i ...

Identity security company Okta told its staff on Thursday it will cut as many as 400 employees, while Zoom reportedly plans to slash 150 positions—the latest in a string of job cuts this year that have rocked the tech industry, including at Microsoft, Amazon, eBay and PayPal, following a parade of layoffs in 2022 and 2023.Okta CEO Todd McKinnon announced in a Securities and Exchange Commission filing that the identity management company will reduce its head count by roughly 400 employees (7% of its workforc ...

互联网公司裁员计划 - Okta公司计划裁员400名员工，占其员工总数的7%[1] - PayPal计划在未来12个月内裁减2,500名员工，约占其员工总数的9%[3] - Microsoft计划裁减1,900个职位，约占其员工总数的8%，以促进可持续的成本结构[5] - eBay减少1,000名员工，约占其员工总数的9%，CEO表示公司的支出超过了业务增长[6] - Salesforce将裁减约700名员工，占其员工总数的1%，CEO表示这是因为经济环境的挑战[6] 零售和娱乐公司裁员计划 - Wayfair计划裁减1,650个职位，以在短期和长期内调整公司的定位[7] - Macy's计划裁减2,350个职位并关闭五家百货商店，影响公司约13%的企业员工和3.5%的总员工[7] 科技公司裁员计划 - Google计划裁减全球广告和销售团队的员工，此前已裁减数百名员工[8] - Twitch计划裁减35%的员工，约500名员工，CEO表示公司需要调整规模以适应业务规模[9] - Amazon计划在Prime Video和MGM Studios部门裁减数百名员工，以优化公司的业务运营[10] - Duolingo裁减了10%的合同员工，公司转向依赖人工智能进行内容生成[11] - Discord计划裁减17%的员工，约170名员工，以提高公司的敏捷性[12] - Unity Software计划裁减四分之一的员工，约1,800名员工，作为重组计划的一部分[13]

Okta Inc (NASDAQ: OKTA) is in focus this morning after announcing plans of lowering its headcount by about 7.0%.How many employees will be laid offCopy link to sectionThe cybersecurity company will lay off some 400 of its employees in total as “costs are still too high”. Okta has to be more “thoughtful about where we place our bets” for long-term success, Todd McKinnon – its chief executive said in a message to his staff on Thursday.The news arrives only days after Microsoft Corp said it will cut 9.0% of th ...

Shares of Okta Inc. OKTA, -3.20% rallied 3.2% in premarket trading Thursday, after the identity software company said it would lay off about 7% of its workforce, as part of a restructuring aimed at improving efficiencies and profitability. The company disclosed in an 8-K filing with the Securities and Exchange Commission that the restructuring involves cutting 400 full-time jobs. That will result in restructuring charges of $24 million in the fiscal fourth quarter for employee severance and benefits costs, ...

Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount. The firm also reaffirmed its fourth quarter and full-year guidance in a securities filing.CEO Todd McKinnon said in his message that the "reality is that costs are still too high."Read McKinnon's full message below.Hi Everyone,After a thoughtful FY25 business planning process, the leadership team and I have made the difficult decision to implement a workforce ...

Okta (OKTA) closed the most recent trading day at $84.51, moving -0.65% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.53% for the day. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.Shares of the cloud identity management company witnessed a loss of 6.11% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 5.21% and the S&P 500's gain of 2.4 ...

The latest trading session saw Okta (OKTA) ending at $81.28, denoting a +0.07% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 1.23% for the day. Meanwhile, the Dow gained 1.06%, and the Nasdaq, a tech-heavy index, added 1.7%.Prior to today's trading, shares of the cloud identity management company had lost 8.78% over the past month. This has lagged the Computer and Technology sector's gain of 1.98% and the S&P 500's gain of 0.94% in that time.The invest ...