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Okta lays off 400 employees — almost exactly a year after last staff cuts
Okta said it's laying off about 7% of its global workforce in a bid for profitability.
Okta, which counts more than 18,000 customers, posted better-than-expected quarterly earnings in November, with revenue increasing 21% to $584 million. When asked by TechCrunch, Okta spokesperson Kyrk Storer declined to say which roles and geographies are affected, or how many management positions were cut. “For employees outside the U.S. who have been identified as impacted or at risk, the notification process may be different based on local laws and practices,” McKinnon wrote.
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