Okta lays off 180 employees – nearly one year after last workforce reduction
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Okta, a U.S. access and identity management company, has laid off 180 employees, following a previous reduction of 400 workers last year.
February 04, 2025 | 6:00 pm
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Okta has laid off 180 employees, marking its second workforce reduction in just over a year. This could indicate ongoing challenges in managing operational costs or adapting to market conditions.
The layoffs suggest Okta is facing challenges that require cost-cutting measures. This could lead to short-term negative sentiment among investors, impacting the stock price negatively. The repeated layoffs may raise concerns about the company's growth and stability.
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