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 workfo ...