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U.S. entree and identity management titan Okta has said it is laying off approximately 400 employee , or 7 % of its spheric men .
The layoff do almost exactly a year to the day after Oktaannounced plans to reduce its workforce by 5 % , about 300 employees .
In an email send to employee , which Okta shared with TechCrunch , Okta chief executive Todd McKinnon said that the decisiveness was necessary for the San Francisco - based organization to get profitably . Okta , which counts more than 18,000 customers , post better - than - expected quarterly earnings in November , with revenue increasing 21 % to $ 584 million .
“ While we ’ve shoot steps in the right focusing , the world is that price are still too high-pitched , ” McKinnon read in the email . “ We take to be mindful of our overall spend so we can continue to invest in the areas , mathematical product , and routes to grocery with the most opportunity . To capture our monumental potential and construct an iconic company , we must be serious-minded about where we target our bets . This activeness is a proactive bar to help set the fellowship up for long - term succeeder . ”
When ask by TechCrunch , Okta spokesperson Kyrk Storer decline to say which roles and geographics are affected , or how many direction positions were abridge .
McKinnon ’s email suggest employee have been impacted globally . “ If you play in the U.S. , you will receive an email in the next 15 moment notifying you if your role is impacted or not , ” he wrote , note that U.S.-based employees would have support include severance salary and extended health care coverage .
“ For employee outside the U.S. who have been identified as impacted or at peril , the notification process may be unlike free-base on local laws and exercise , ” McKinnon pen .
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The layoff at Okta come just hour after cybersecurity giantProofpoint confirmed to TechCrunch that it was laying off about 6 % of its global workforce , or 280 employees .
