Okta, a leading identification software company based in San Francisco, has announced layoffs affecting about 180 employees, which is 3% of its workforce. This is the third consecutive year the company has implemented layoffs. The decision is part of a restructuring plan aimed at reallocating resources for growth. Employees expressed their disappointment on social media, sharing their job loss experiences. Despite continuous layoffs over the past few years, Okta has recently reported improved financial performance, achieving its first-ever quarterly profits after overcoming significant losses.
Okta has laid off 180 workers this February as part of a restructuring plan aimed to drive growth, continuing a trend for three consecutive years.
Despite laying off staff, Okta reported turning its first-ever quarterly profit after years of substantial losses, indicating a significant shift in financial performance.
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