Okta

U.S. identity management company Okta laid off 180 employees on February 4, 2025, representing about 3% of its workforce. This marks the third round of cuts in recent years, following reductions of 400 employees in 2024 and 300 in 2023. The company, which had approximately 5,300 employees in early 2024, stated the move is aimed at reallocating resources toward new growth areas. Despite the layoffs, Okta reported strong financial performance, with third-quarter revenue reaching $665 million, a 14% year-over-year increase.

Identity management company Okta announced on Thursday that it is laying off 400 employees, representing approximately 7% of its workforce. CEO Todd McKinnon stated the decision was a difficult but necessary proactive measure to address high costs and achieve long-term profitable growth, emphasizing the need to run the business with greater efficiency and invest more thoughtfully. This marks the second round of layoffs in roughly a year for the tech firm, following a smaller reduction in February 2023. The announcement comes amid a wave of job cuts in the technology industry in early 2024.

Okta laid off 300 employees representing approximately 5% of its workforce on 2023-02-02.

Okta, a security technology company, laid off its entire US sourcing team in August 2022, affecting 24 employees, which represented about 0.4% of its global workforce. This move was part of a broader trend among tech companies, including Twitter and Apple, to reduce HR and talent acquisition roles amid economic uncertainty and hiring slowdowns. While Okta stated it continues to invest in high-growth areas and plans to increase overall headcount, the decision reflects a strategic shift as companies adjust to a looming recession by scaling back recruitment-focused positions.