Okta to lay off 7.0% of its employees
OKTAOkta(OKTA) Invezz·2024-02-01 23:01

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 ...