U.S. entry and id administration big Okta laid off 180 workers on Tuesday, the corporate confirmed to TechCrunch – simply over one 12 months after it let go of 400 workers.
The corporate individually performed a workforce discount in February of 2023 that affected 300 workers.
Whereas Okta didn’t share what number of workers it has after its newest spherical of layoffs, doing the maths, it had round 5300 workers this time in 2024. In line with an SEC filing, Okta’s new cuts affected 3% of its workforce.
In a written assertion, an organization spokesperson mentioned: “Okta workers have been notified at this time that we’re eliminating roughly 180 roles to reallocate sources to new development areas. We thank our outgoing colleagues for all they contributed to Okta and are dedicated to offering assist and sources to assist via this transition.”
In December, the corporate reported fiscal third-quarter revenue of $665 million, up 14% from the prior 12 months third quarter.
Layoffs,Okta
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