Okta Layoffs January 2024: What to Know About the Latest OKTA Job Cuts

Headlines of layoffs in the tech sector continue to roll in. Today’s latest contributor to the revolving door that is the U.S. technology sector is Okta (NASDAQ:OKTA). This latest round of Okta layoffs will affect around 400 employees, with the company cutting around 7% of its staff in this latest cut.Notably, this move follows a previous round of layoffs a year prior. The company is seeking increased profitability and the ability to invest in its core high-growth segments. January can be a month in which i ...