#13: Okta Cites Overhiring, ‘Execution Challenges’ for 300 Layoffs

Written by Craig Galbraith
January 1, 1970

What seemed like an endless parade of layoff announcements started to cool a bit in February, but there were still a handful that attracted attention.

One was identity and access management provider Okta laying off 300. The company acknowledged that overhiring was a big reason why it needed to make the move.

The layoffs impact 5% of the company’s workforce. Learn more about them.

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Craig Galbraith

Craig Galbraith is the editorial director for Channel Futures and Channel Partners, joining the team in 2008. Before that, he spent more than 11 years as an anchor, reporter and managing editor in television newsrooms in North Dakota and Washington state. Craig is a proud Husky, having graduated from the University of Washington. He makes his home in the Phoenix area.