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Unprofitable SF tech giant Okta lays off 400 workers, dozens in California (www.sfgate.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[–] darkevilmac@lemmy.zip 77 points 9 months ago (2 children)

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.

[–] Darorad@lemmy.world 14 points 9 months ago

It could also have been a ghost listing, but yeah, I'm baffled they aren't profitable

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