Okta Lays Off 300 Employees After Sales Execution Challenges

5% of Employees Exit in Cybersecurity Industry's 3rd-Largest Workforce Reduction
Okta will execute the third-largest round of layoffs of any cybersecurity company in the current economic downturn, axing 300 workers following customer identity execution challenges. The identity giant plans to reduce its staff by 5% in a push to reduce operating expenses and improve profitability.

challenges current customer customer identity cybersecurity cybersecurity company cybersecurity industry downturn economic economic downturn employees exit expenses identity industry layoffs okta plans sales staff third workers workforce