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

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By msmashFeb 1, 2024, 9:46 am434 ptsTop
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…

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