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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.
總部位於加利福尼亞州舊金山的軟件公司Okta, Inc. 宣佈了一項重組計劃，該計劃將導致其員工裁員約400名全職員工，約佔其員工總數的7％。該公告於2024年2月1日發佈，是公司提高運營效率和承諾盈利增長的努力的一部分。預計重組將導致2024財年第四季度約2400萬美元的費用，主要與員工遣散費和福利有關，預計將在2025財年第一季度支付。此外，由於被解僱員工的股權薪酬，Okta預計將在2025財年第一季度對其股票薪酬支出進行微不足道的調整。該公司還重申了其第四季度和截至2024年1月31日的財年的財務指導，如先前在2023年11月29日的新聞稿中發佈的那樣。Okta計劃在2024年2月28日市場收盤後發佈其2024財年第四季度業績。該公司表示，將在其非公認會計准則財務指標中排除重組費用。
總部位於加利福尼亞州舊金山的軟件公司Okta, Inc. 宣佈了一項重組計劃，該計劃將導致其員工裁員約400名全職員工，約佔其員工總數的7％。該公告於2024年2月1日發佈，是公司提高運營效率和承諾盈利增長的努力的一部分。預計重組將導致2024財年第四季度約2400萬美元的費用，主要與員工遣散費和福利有關，預計將在2025財年第一季度支付。此外，由於被解僱員工的股權薪酬，Okta預計將在2025財年第一季度對其股票薪酬支出進行微不足道的調整。該公司還重申了其第四季度和截至2024年1月31日的財年的財務指導，如先前在2023年11月29日的新聞稿中發佈的那樣。Okta計劃在2024年2月28日市場收盤後發佈其2024財年第四季度業績。該公司表示，將在其非公認會計准則財務指標中排除重組費用。
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