Okta begins layoffs, to fire 300 employees citing overhiring and ‘executional challenges’
Shortpedia
Content Team
Image Credit: bankinfosecurity.com
Software developing firm known for identity verification, Okta announced layoffs. The company announced that it is going to sack around 300 employees. The tech company said that it is going to layoff the employees to cut costs. Okta CEO Todd McKinnon unveiled plans to reduce the tech company’s workforce by 5% (roughly 300 positions) in a Securities and Exchange Commission filing.
