Okta lays off 180 employees – nearly one year after last workforce reduction

Core Insights - Okta has laid off 180 employees, marking another round of workforce reduction after previously letting go of 400 workers over a year ago and 300 employees in February 2023 [1][1][1] Company Actions - The layoffs are part of a strategy to reallocate resources towards new growth areas, as stated by a company spokesperson [1][1] - The company expressed gratitude towards the departing employees and committed to providing support during their transition [1][1] Financial Performance - In December, Okta reported fiscal third-quarter revenue of $665 million, which represents a 14% increase compared to the same quarter in the previous year [1][1][1] - The estimated number of employees after the latest layoffs is around 5,300 in 2024 [1][1]