DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
— - 7 Todd McKinnon - 7 Jim Cramer - 6 Morgan Stanley - 5 Frank Slootman - 4 Okta - 4 Duolingo - 3 LSEG - 3
Top related locs:
U.S China London Russian cybersecurity Federal Maxx Palo
Top related orgs:
CNBC - 8 Microsoft - 6 Paramount - 5 Palo Alto Networks - 4 eBay - 4 Revenue - 3 Getty - 3 Okta - 3

Search resuls for: "OKTA"


25 mentions found


☆ Lightning Round: Okta is teriffic, says Jim Cramer
  + stars: | 2024-05-01 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Okta is teriffic, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Matterport, Nextracker, Dell, Okta, and Ford.
Persons: Jim Cramer Organizations: Dell, Ford
☆ Cramer's Lighting Round: Dell is a buy
  + stars: | 2024-05-01 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon Matterport's year-to-date stock performance. Stock Chart Icon Stock chart icon Nextracker's year-to-date stock performance. Stock Chart Icon Stock chart icon Dell's year-to-date stock performance. Stock Chart Icon Stock chart icon Okta's year-to-date stock performance. Stock Chart Icon Stock chart icon Ford's year-to-date stock performance.
Persons: You've Organizations: Dell Locations: Ford
☆ 'Hard to Ignore': Jefferies says this cybersecurity stock could double after 75% rise in the past year
  + stars: | 2024-04-17 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
After two consecutive dreadful years of returns, investment bank Jefferies is forecasting a rebound in the share price of Darktrace , a British cybersecurity company. DARK-GB 1Y line The cybersecurity company reported third-quarter results on April 11 that exceeded expectations. Following the better-than-expected results, Jefferies raised its price target for Darktrace to 890 pence from 550 pence, reiterating its "buy" rating. The consensus price target of analysts polled by FactSet points to a 24.4% upside potential for the stock. Brennan's price target is the biggest among all analysts covering the stock.
Persons: Darktrace, Charles Brennan, —, Jefferies, FactSet Organizations: Jefferies, Revenue Locations: British, London, U.S
☆ State-backed cyberattacks, AI deepfakes, and more: Experts reveal UK election cyber threats
  + stars: | 2024-04-08 | by ( Ryan Browne | ) www.cnbc.com   time to read: +5 min
State actors have since made routine attacks in various countries to manipulate the outcome of elections, according to cyber experts. "Right now, generative AI can be used for harm or for good and so we see both applications every day increasingly adopted," Meyers told CNBC. "This democratic process is extremely fragile," Meyers told CNBC. "You can train those voice AI models very easily ... through exposure to social [media]," Holmes told CNBC in an interview. It's just one example of many deepfakes that have cybersecurity experts worried about what's to come as the U.K. approaches elections later this year.
Persons: Andrew Brookes, Rishi Sunak, Todd McKinnon, Okta's McKinnon, We're, Adam Meyers, CrowdStrike, Meyers, Dan Holmes, Holmes, Keir Starmer, what's Organizations: Getty, Britain, CNBC, British, U.S, APT, New Zealand, Labour Party, Local, Facebook, Meta, Google Locations: Russian, Moscow, London, Wuhan, U.S, Australia, New, China, cybersecurity, Russia, Iran
☆ I'm a digital nomad in Big Tech who got promoted to senior management in 2 years. Traveling constantly hasn't held me back.
  + stars: | 2024-04-04 | by ( Cornelia Holzbauer | ) www.businessinsider.com   time to read: +6 min
Read previewThis as-told-to essay is based on a transcribed conversation with Andre Maxwell, a digital nomad who works at cloud security company Okta. I had already been a digital nomad for almost a year, working as a cybersecurity engineer at a smaller tech company. I start working at 5 p.m. local time from Dubai or 10 p.m. from Japan. Discovering new restaurants and cafés in a coastal city, near the water with the sun shining on me — it makes the sacrifices of the digital nomad life all worth it. If your role mainly depends on you and your ability to perform, then I think it's much easier to go the digital nomad route.
Persons: —, Andre Maxwell, I've Organizations: Service, Okta, Business, Time Locations: Tulum, Mexico, Okta, Dallas, That's, Thailand, Japan, Finland, Austria, Dubai, California, Barcelona
☆ We want to be the leading identity management company, says Okta CEO Todd McKinnon
  + stars: | 2024-03-22 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
We want to be the leading identity management company, says Okta CEO Todd McKinnonOkta Co-Founder, Chairman, and CEO Todd McKinnon joins 'Mad Money' host Jim Cramer to discuss its various use cases including its partnership with ChatGPT and the state of cybersecurity.
Persons: Todd McKinnon Okta, Todd McKinnon, Jim Cramer Organizations: ChatGPT Locations: cybersecurity
☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Microsoft, Delta, Disney, Snowflake, Okta, Salesforce & more
  + stars: | 2024-02-29 | by ( Michael Bloom | ) www.cnbc.com   time to read: +10 min
Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating following the company's robust earnings report on Wednesday. "Multiple high-profile catalysts should double revs by FY28 & support an Outperform rating with a $54 PT." "We initiate coverage of Gates Industrial (GTES) with a Buy rating and $21 price target. The more aggressive stance follows a near week long sell-off in COLD shares following 4Q results and initial 2024 guidance." Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by its buy rating after a meeting with Microsoft investor relations.
Persons: Jefferies, Roth, Roth MKM, Morgan Stanley downgrades Snowflake, Morgan Stanley, Goldman Sachs, Salesforce, Goldman, it's, TD Cowen downgrades Macy's, Telsey, TD Cowen, Wells, Needham, " Jefferies, Tesla, Coupang, Baird, Cantor Fitzgerald, Cantor, Gates, Piper Sandler, Piper, Raymond James, William Blair, Gordon Haskett downgrades, Haskett, Frank Slootman's Organizations: Jefferies, Barrick Gold, NEM, UBS, Apple, Mar, Bitdeer Technologies, BTC, Citi, United Airlines, Delta, Delta Air Lines Inc, DAL, Deere & Company, American Airlines Citi, Catalyst Watch, Reliance, Star India, JV, UBS downgrades Republic Services, Downside, RBC, Xenia Hotels, Resorts, Deutsche Bank, Deutsche, Products, Gates, NTR, LXU, UW, Bank of America, underperform Bank of America, Realty Trust, Fidelity, Korn, Microsoft, Macquarie Locations: U.S, China, American's, DIS's, Xenia, Federal, Korea
☆ Stocks making the biggest moves premarket: Snowflake, Salesforce, C3.ai, Okta and more
  + stars: | 2024-02-29 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Snowflake said it expects product revenue to range between $745 million and $750 million in the current period, below the $759 million analysts polled by StreetAccount expected. Okta said its expects revenues to range between $603 million and $605 million, surpassing a FactSet estimate of $583.8 million. Celsius posted 17 cents in earnings per share on $347.4 million in revenue for the fourth quarter. Nutanix posted earnings of 46 cents per share on revenues totaling $565 million. The data storage company posted earnings of 50 cents per share on $790 million in revenue.
Persons: Frank Slootman, Snowflake, StreetAccount, Morgan Stanley, Salesforce — Salesforce, Okta, Duolingo, LSEG, Nutanix, —, Alex Harring, Tanaya Macheel, Michelle Fox, Lisa Han, Jesse Pound, Sarah Min, Pia Singh Organizations: Revenue, Bank of America, AMC, AMC Entertainment, Wall, Paramount, LSEG, CNBC Warner Bros, FactSet, HP — Locations: Canada, FactSet .
☆ Jim Cramer's Thursday rapid fire: Snowflake, Best Buy, Paramount, Okta and Celsius
  + stars: | 2024-02-29 | by ( Matthew J. Belvedere | ) www.cnbc.com   time to read: +2 min
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Snowflake : Shares were sinking nearly 20% on weak guidance and CEO Frank Slootman announcing his retirement. Jim Cramer said Thursday he's a big fan of Slootman and the CEO's planned departure is a blow to the company. Cramer said, "Celsius has a lot of bears" betting against the stock, which can lead to volatility. PepsiCo has a large stake in Celsius, Cramer noted, adding the soft drink and snack giant is very pleased with it.
Persons: Jim Cramer's, Frank Slootman, Jim Cramer, Cramer, Todd McKinnon, McKinnon Organizations: CNBC, Club, Paramount, Costco, PepsiCo, Charitable Trust, Amazon
☆ Okta CEO Todd McKinnon breaks down earnings beat as stock surges 20%
  + stars: | 2024-02-29 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOkta CEO Todd McKinnon breaks down earnings beat as stock surges 20%Okta CEO Todd McKinnon joins CNBC's "Money Movers" in an exclusive interview to discuss earnings and demand in the software industry.
Persons: Todd McKinnon
☆ Thursday's rapid fire: Snowflake, Best Buy, Paramount, Okta, Celsius
  + stars: | 2024-02-29 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThursday's rapid fire: Snowflake, Best Buy, Paramount, Okta, CelsiusJim Cramer offers his quick thoughts on these five stock outside the CNBC Investing Club portfolio.
Persons: Jim Cramer Organizations: Paramount, CNBC, Club
☆ Stocks making the biggest moves midday: Chemours, Snowflake, Hormel, C3.ai and more
  + stars: | 2024-02-29 | by ( Pia Singh | ) www.cnbc.com   time to read: +4 min
It posted earnings of 41 cents per share, excluding items, on revenue of $3 billion. Analysts polled by FactSet had called for earnings of 34 cents per share on $2.91 billion in revenue. C3.ai — The artificial intelligence software stock advanced more than 24% after C3.ai posted a narrower-than-expected adjusted loss per share of 13 cents. Pure Storage — Shares jumped more than 22% after the data storage company posted stronger-than-expected fourth-quarter earnings and upbeat first-quarter guidance. However, fourth-quarter revenue of $1.1 billion did top LSEG estimates of $1.05 billion.
Persons: FactSet, Morgan Stanley, Chemours, —, Birkenstock, Snowflake, Frank Slootman, LSEG, Duolingo, Alex Harring, Yun Li, Michelle Fox Theobald Organizations: Beverage, RBC, Bank of America Securities, Bank of America, Paramount, AMC Entertainment
☆ Stock futures fall as Wall Street awaits the Fed's preferred inflation gauge: Live updates
  + stars: | 2024-02-28 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Stock futures fell as Wall Street weighed the latest earnings results and looked ahead to the Federal Reserve's favored inflation gauge. Futures tied to the Dow Jones Industrial Average slipped 80 points, or 0.2%. The S&P 500 futures and Nasdaq 100 futures edged down 0.2% and 0.25%, respectively. The 30-stock Dow lost 0.06% and fell for a third consecutive session, while the S&P 500 inched down 0.17%. The S&P 500 has jumped 4.6%, while the Dow has added 2.1%.
Persons: Salesforce, Okta, Joe Mazzola, Charles Schwab's, Dow, John Williams Organizations: New York Stock Exchange, Stock, Federal, Dow Jones, Nasdaq, Dow, Hewlett Packard Enterprises, Bath, Body, New York Federal Reserve Bank Locations: Snowflake, Chicago
☆ Stocks making the biggest moves after hours: Salesforce, Snowflake, Okta, Duolingo and more
  + stars: | 2024-02-28 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
In the fourth quarter, the software company topped Wall Street's fourth-quarter expectations on the top and bottom lines. Snowflake — Snowflake shares plunged 20% after the business software company announced the retirement of its CEO Frank Slootman. The company topped earnings expectations by 12 cents and said it expects revenue for the current period to range between $603 million and $605 million. The company posted revenue of $13.19 billion, falling short of the $13.56 billion analysts polled by LSEG expected. Adjusted earnings per share came in at 5 cents and topped an LSEG estimate of 2 cents per share.
Persons: — Salesforce, Frank Slootman, Duolingo, Okta — Okta, LSEG Organizations: FactSet, Paramount Global, LSEG, Revenue, StreetAccount, HP Inc, AMC Entertainment
☆ Jim Cramer's quick thoughts on cybersecurity stocks, Disney, and our portfolio off-price retail name
  + stars: | 2024-02-28 | by ( Jeff Marks | ) www.cnbc.com   time to read: +4 min
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Ernie Herman, Macy's, TJX, Nordstrom, Cramer, UnitedHealth, Linde, Jim Cramer's, Jim Organizations: CNBC, Consumer, Communication Services, Health Care, Tech, TJX Companies, Target, Palo Alto Networks, Disney, ESPN, Apple, Paramount, Anheuser, Busch, Jim Cramer's Charitable Locations: Maxx, Palo Alto, India
☆ Americans have racked up a trillion dollars in credit card debt. That’s actually okay
  + stars: | 2024-02-25 | by ( Bryan Mena | ) edition.cnn.com   time to read: +8 min
Washington, DC CNN —Americans racked up a record amount of credit card debt in 2023, soaring past a trillion dollars. “Consumers still have a lot of money left over to be able to spend, so the credit card data is often misinterpreted,” Russell Price, chief economist at Ameriprise Financial, told CNN. According to a LendingTree analysis of more than 350,000 credit reports, the average unpaid credit card balance was $6,864 in the fourth quarter. Overall, US household debt (including credit card balances) rose to a new high of $17.5 trillion in the fourth quarter, up 1.2% from the prior three-month period. So, while there certainly isn’t a shortage of economic hurdles bedeviling people’s budget — and credit card debt has surged — the big picture indicates that, so far, Americans (and their economy) remain healthy.
Persons: ” Russell Price, Price, haven’t, market’s, ” Gregory Daco, ” Lara Rhame, Laura, Jensen Huang, Christine Lagarde, Virgin, Michael Barr, Raphael Bostic, Susan Collins, John Williams, Papa, Austan Goolsbee, Loretta Mester, fuboTV, Christopher Waller, Mary Daly, Adriana Kugler Organizations: CNN Business, Bell, DC CNN, Workers, New York Fed, Consumers, Ameriprise, CNN, Federal Reserve Bank of New, . New York Fed, Employers, Soaring, FS Investments, Nvidia, Huawei, AMD, Microsoft, Broadcom, US Commerce Department, Central Bank, eBay, Smucker, Urban Outfitters, Global, Board, TJX, Monster Beverage, Baidu, HP, Paramount Global, Anheuser, Busch Inbev, Dell Technologies, Papa John’s, US Labor Department, National Association of Realtors, P, China’s National Bureau, Statistics, Pearson, P Global, Institute for Supply Management, University of Michigan Locations: Washington, Federal Reserve Bank of New York, ., EY, Santa Clara, Singapore, Shenzhen, China, Beijing, CAVA
☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
  + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com   time to read: +10 min
Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.
Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman
☆ AI is changing the cybersecurity industry. Why these two stocks look best positioned to capitalize
  + stars: | 2024-02-14 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
"As we move to cloud and generative AI, it opens up massive total addressable markets, where security just has to be done a different way." Palo Alto Networks and CrowdStrike have already surged more than 25% each only six weeks into the new year after proving among the best performers in the Nasdaq-100 in 2023. But arguably, companies offering all-in-one solutions to mounting cybersecurity threats are viewed as sitting in the most advantageous position. PANW YTD mountain Palo Alto Networks in 2024. This leading position is one reason Deepwater Asset Management's Doug Clinton retains a stake in Crowdstrike, along with Palo Alto Networks, in the core fund that he manages.
Persons: Ted Mortonson, Baird, Mortonson, Peter Weed, Bernstein, Morgan Stanley, Hamza Fodderwala, Hendi Susanto, Doug Clinton, JPMorgan's Brian Essex, CRWD, Essex, Michael Bloom Organizations: MGM Resorts, Caesars Entertainment, Microsoft, Palo Alto Networks, Nasdaq, Gamco Locations: cyberattacks, Palo, Crowdstrike
☆ Fortinet financials boost cybersecurity stocks after past outlook misses slammed the group
  + stars: | 2024-02-07 | by ( Paulina Likos | ) www.cnbc.com   time to read: +1 min
CNBC's Jim Cramer sees a turnaround brewing for cybersecurity firm Fortinet . Shares of Fortinet rose 3.5% after the company reported beats on fourth-quarter earnings and revenue. This was a relief after Fortinet dropped outlook bombs in November and August, which had dragged down the whole group back then. Shares of Palo Alto Networks rallied 6.5% Wednesday to another all-time high, while other competitors including Okta and Zscaler were higher as well. Palo Alto Networks is a holding in Cramer's Charitable Portfolio Trust, which is used as the portfolio for the CNBC Investing Club .
Persons: CNBC's Jim Cramer, Fortinet, billings, Cramer, Jim Organizations: Palo Alto Networks, Trust, CNBC, Club, Microsoft Locations: Palo, Russian
☆ Nobody's quitting their job anymore. That's a bad sign for workers.
  + stars: | 2024-02-04 | by ( George Glover | ) www.businessinsider.com   time to read: +4 min
That could be a sign that workers feel less confident about the state of the labor market. AdvertisementFriday's blowout jobs report confirmed the labor market is still holding firm, but one often-ignored statistic could signal a looming slowdown. "The second straight 2.2% quits rate — just below the pre-Covid level — is more important, because it clearly signals slower wage gains." "All that air is coming out of the labor market, even though hiring remains strong." "The job market is steadily returning to its pre-pandemic self," Morningstar's Preston Caldwell said in a research note.
Persons: —, José Torres, Ian Shepherdson, Philipp Carlsson, Szlezak, Optimists, Morningstar's Preston Caldwell Organizations: Service, of Labor Statistics, Macroeconomics, Bureau of Labor Statistics, Boston Consulting Group, Business, eBay, Los Angeles Times
☆ Where the Jobs Are: Strong Hiring in Most Industries Has Far Outpaced High-Profile Layoffs
  + stars: | 2024-02-03 | by ( Associated Press | Feb. | At P.M. | ) www.usnews.com   time to read: +6 min
Recent job cuts have been concentrated mainly in just a few sectors: technology, finance and media. Relative to the U.S. labor force of 160 million people, layoffs so far have been dwarfed by consistently vigorous hiring — a monthly average of 248,000 jobs added over the past six months. THE LAYOFFS ARE SPREAD OVER TIMEHigh-profile job cuts typically involve many layoffs that aren't implemented immediately. So they weren't included in the January jobs data that was released Friday because the layoffs hadn't yet taken place. Jobs cuts are deeply distressing and disruptive for people who suffer them.
Persons: they've, —, They're, That's, binges, Todd McKinnon, ” Organizations: WASHINGTON, Blockbuster, eBay, UPS, Spotify, Manufacturers, Labor Department, Companies Locations: Federal, U.S
☆ Tech's longtime highfliers are growing up by getting smaller
  + stars: | 2024-02-02 | by ( Ari Levy | ) www.cnbc.com   time to read: +7 min
They're still out hunting for the best technical talent, particularly in areas like artificial intelligence, but headcount growth is measured. Last year, tech companies were responding to dramatically changing market conditions — soaring inflation, rising interest rates, rotation out of risk — after an extended bull market. Meta slashed over 20,000 jobs in 2023, Amazon laid off more than 27,000 people, And Alphabet cut over 12,000 positions. Other than Nvidia , which had a banner 2023 due to soaring demand for its AI chips, none of the other mega-cap tech companies have been growing at their historic averages. By late this year, analysts are projecting growth at Meta will be back down to the low teens at best.
Persons: Tayfun, There's, Daniel Flax, Neuberger Berman, CNBC's, Morgan Stanley, Brian Nowak, Brian Olsavsky, They're, Mark Zuckerberg, Zuckerberg, Olsavsky, Phil Spencer, Justin Sullivan, Okta, Zuora, Evan Sohn, Recruiter.com, " Sohn, Susan Li, Ben Barringer, Cheviot, Barringer, —, Annie Palmer Organizations: Anadolu Agency, Getty Images Technology, Amazon, Meta, hasn't, Microsoft, Activision Blizzard, SAN FRANCISCO, Activision, FTC, Getty, Federal, Labor Department's Bureau of Labor Statistics, Tech, Nvidia, Finance, CNBC Locations: Menlo Park , California, Silicon Valley, CALIFORNIA, San Francisco , California
☆ Okta to lay off 7% of staff, about 400 employees
  + stars: | 2024-02-01 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount. CEO Todd McKinnon said in his message that the "reality is that costs are still too high." Okta is only the latest tech company to trim headcount in the opening weeks of 2024. Nearly 24,000 tech workers lost their jobs in January alone, even as many tech companies saw their stock prices continue to grow. It was a smaller round of cuts, impacting around 300 employees, and at the time McKinnon said that prior overhiring had led to unsustainable staffing levels.
Persons: Okta, Todd McKinnon, McKinnon, overhiring
☆ Okta announces it's laying off about 7% of its workforce
  + stars: | 2024-02-01 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +3 min
The ID verification company told Business Insider it was a "necessary" decision to ensure profitable growth. CEO Todd McKinnon told employees in a memo sent at 5:30 PT that the company is laying off about 400 employees. If your role is impacted, your leadership will schedule a meeting today to discuss next steps. To the impacted employees, I am deeply sorry and we thank you for your many contributions. As we navigate these changes, remember that Okta is critical infrastructure for 18,800 organizations around the world.
Persons: Todd McKinnon, McKinnon, we've, Todd Organizations: Business, Okta Locations: U.S
☆ Zoom is cutting about 150 jobs, or close to 2% of its workforce
  + stars: | 2024-02-01 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +2 min
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019. Zoom is cutting about 150 jobs, CNBC confirmed on Thursday, the latest tech company to slash headcount this year as investors continue to push for efficiency. A Zoom spokesperson confirmed the cuts amount to less than 2% of the company's workforce. In addition to Zoom, cloud software vendor Okta announced a downsizing on Thursday, telling employees that it's laying off 400 staffers, or about 7% of its workforce. Zoom shares are down about 10% this year and have dropped almost 90% from their record high in October 2020.
Persons: Eric Yuan, Zoom Organizations: Conference, CNBC, Bloomberg, Microsoft, Google, MGM Studios, Okta Locations: San Francisco, layoffs.fyi
0 next >>
Total: 25