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Okta, Inc., a software company based in San Francisco, California, has announced a restructuring plan that will result in the reduction of its workforce by approximately 400 full-time employees, or about 7% of its total staff. This announcement was made on February 1, 2024, and is part of the company's efforts to improve operating efficiencies and commit to profitable growth. The restructuring is expected to lead to approximately $24 million in charges for the fourth quarter of fiscal 2024, primarily related to employee severance and benefits, which are anticipated to be paid in the first quarter of fiscal 2025. Additionally, Okta expects to make an insignificant adjustment to its stock-based compensation expense in the first quarter of fiscal 2025 due to the equity compensation of...Show More
Okta, Inc., a software company based in San Francisco, California, has announced a restructuring plan that will result in the reduction of its workforce by approximately 400 full-time employees, or about 7% of its total staff. This announcement was made on February 1, 2024, and is part of the company's efforts to improve operating efficiencies and commit to profitable growth. The restructuring is expected to lead to approximately $24 million in charges for the fourth quarter of fiscal 2024, primarily related to employee severance and benefits, which are anticipated to be paid in the first quarter of fiscal 2025. Additionally, Okta expects to make an insignificant adjustment to its stock-based compensation expense in the first quarter of fiscal 2025 due to the equity compensation of the terminated employees. The company also reaffirmed its financial guidance for the fourth quarter and the fiscal year ending January 31, 2024, as previously issued in a press release on November 29, 2023. Okta plans to release its fourth quarter fiscal 2024 results after the market closes on February 28, 2024. The company has stated that it will exclude the restructuring charges from its non-GAAP financial measures.
总部位于加利福尼亚州旧金山的软件公司Okta, Inc. 宣布了一项重组计划，该计划将导致其员工裁员约400名全职员工，约占其员工总数的7％。该公告于2024年2月1日发布，是公司提高运营效率和承诺盈利增长的努力的一部分。预计重组将导致2024财年第四季度约2400万美元的费用，主要与员工遣散费和福利有关，预计将在2025财年第一季度支付。此外，由于被解雇员工的股权薪酬，Okta预计将在2025财年第一季度对其股票薪酬支出进行微不足道的调整。该公司还重申了其第四季度和截至2024年1月31日的财年的财务指导，如先前在2023年11月29日的新闻稿中发布的那样。Okta计划在2024年2月28日市场收盘后发布其2024财年第四季度业绩。该公司表示，将在其非公认会计准则财务指标中排除重组费用。
总部位于加利福尼亚州旧金山的软件公司Okta, Inc. 宣布了一项重组计划，该计划将导致其员工裁员约400名全职员工，约占其员工总数的7％。该公告于2024年2月1日发布，是公司提高运营效率和承诺盈利增长的努力的一部分。预计重组将导致2024财年第四季度约2400万美元的费用，主要与员工遣散费和福利有关，预计将在2025财年第一季度支付。此外，由于被解雇员工的股权薪酬，Okta预计将在2025财年第一季度对其股票薪酬支出进行微不足道的调整。该公司还重申了其第四季度和截至2024年1月31日的财年的财务指导，如先前在2023年11月29日的新闻稿中发布的那样。Okta计划在2024年2月28日市场收盘后发布其2024财年第四季度业绩。该公司表示，将在其非公认会计准则财务指标中排除重组费用。
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