Okta, a leader in access and identity management, has faced multiple rounds of layoffs recently, with the latest involving 180 employees. This follows a previous reduction of 400 workers last year and an earlier cut of 300 in February 2023. Despite these workforce challenges, Okta reported a 14% revenue increase in its fiscal third-quarter, bringing in $665 million. This indicates a complex financial landscape as the company balances reducing costs while striving for growth in its business.
U.S. access and identity management giant Okta laid off 180 employees on Tuesday, the company confirmed to TechCrunch - just over one year after it let go of 400 workers.
In December, the company reported fiscal third-quarter revenue of $665 million, up 14% from the prior year third quarter.
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