Unprofitable SF tech giant Okta lays off 400 workers, dozens in California::Okta, the San Francisco-based maker of identity and access tech, is laying off 400 workers, including 83 in California. CEO Todd McKinnon announced the news.
Unprofitable SF tech giant Okta lays off 400 workers, dozens in California::Okta, the San Francisco-based maker of identity and access tech, is laying off 400 workers, including 83 in California. CEO Todd McKinnon announced the news.
I kind of wonder how a company with such an iron grip on SSO can’t manage to be profitable. That and I literally saw a job listing from Okta last weekend, so they’re probably just trying to replace their tenured high cost employees with cheaper workers.
It could also have been a ghost listing, but yeah, I’m baffled they aren’t profitable