Okta Lays Off 400 Employees in Second Round of Dismissals

The Identity Provider Experienced a String of Embarrassing Cybersecurity Incidents
Okta announced layoffs amounting to 7% of its workforce in a restructuring that will cost 400 employees their jobs. Thursday's disclosure is the second round of layoffs the company has undergone in the past 12 months. CEO Todd McKinnon said the cuts are needed to run Okta with "greater efficiency."

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