Okta, Block, PayPal Cut Hundreds Of Jobs—Here Are 2024's Tech Layoffs

Identity security company Okta told its staff on Thursday it will cut as many as 400 employees, the latest in a string of job cuts this year that have rocked the tech industry, including at Microsoft, Amazon, eBay and PayPal, following a parade of layoffs in 2022 and 2023.Okta CEO Todd McKinnon announced in a Securities and Exchange Commission filing that the identity management company will reduce its head count by roughly 400 employees (7% of its workforce), acknowledging the “reality is that costs are st ...