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