Identity and access management company Okta to slash 400 jobs
OKTAOkta(OKTA) Fox Business·2024-02-02 04:40

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 M ...