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Okta To Lay Off 7% of Staff Because 'Reality is That Costs Are Still Too High'

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. From a report: CEO Todd McKinnon said in his message that the "reality is that costs are still too high." Okta is only the latest tech company to tri...

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. From a report: CEO Todd McKinnon said in his message that the "reality is that costs are still too high." Okta is only the latest tech company to trim headcount in the opening weeks of 2024.

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