Okta Layoffs January 2024: What to Know About the Latest OKTA Job Cuts
OKTAOkta(OKTA) InvestorPlace·2024-02-02 03:53

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 ...