The identity security vendor has disclosed a major round of layoffs for the third year in a row.
Okta disclosed Tuesday that it will cut 180 jobs as part of a new “restructuring” effort, aimed at shifting its resources to higher-priority areas.
The announcement, which impacts approximately 3 percent of Okta’s staff, is the third major round of layoffs for the identity security vendor in three years.
[Related: 5 Things To Know On Okta’s New MFA Requirements]
Likewise, in early February of both 2023 and 2024, the company disclosed staffing cutbacks. The layoffs in 2023 impacted 300 workers while the 2024 round of job reductions affected 400.
The company revealed the new round of staff reductions in an announcement to staff and in a filing with the U.S. Securities and Exchange Commission Tuesday.
In the filing, Okta said it informed employees Tuesday about the new “restructuring plan,” which is “intended to reallocate resources toward priorities to drive growth.”
The specific priority areas were not specified. CRN has reached out to Okta for further comment.
Prior job reductions at Okta were aimed at reversing what the company described as over-hiring (during the 2023 cutbacks) enabling improved “operating efficiencies” (in 2024).
