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Okta Lays Off 180 Employees – Nearly One Year After Last Workforce Reduction
Enterprise
U.S. access and identity management giant Okta has laid off 180 employees, the company confirmed to TechCrunch, just over a year after it let go of 400 workers in January 2024.
The latest round of layoffs brings the total number of workforce reductions within the past two years to approximately 880 employees. This marks a significant reduction for the company, which had around 5,300 employees at the end of 2024.
Okta’s decision to cut its workforce comes as no surprise to many in the tech industry, given the current economic uncertainty and the rise of competition in the identity management space. Despite this, Okta has managed to report a strong fiscal third-quarter revenue, posting $665 million – a 14% increase from the same period last year.
This recent development raises questions about the company’s future plans and its ability to adapt to the ever-changing tech landscape. As TechCrunch continues to monitor the situation, we will keep our readers updated with any further developments.
Related Topics: Enterprise, Layoffs
Source: techcrunch.com
