Archive: https://archive.today/NCyvT From the post: "Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, which is about 7% of the company’s headcount. Okta also reaffirmed its fourth-quarter and full-year guidance in a securities filing. CEO Todd McKinnon said in his message that the “reality is that costs are still too high.” Okta shares rose around 3.6% in premarket trading on the news."