Everyone's been destroyed and like a lot of SaaS they provide services to useless startups riding the 0% interest gravy train. If those go, they take a hit too.
It's not only OKTA. All high growth stocks were destroyed in the last year. It's simply a valuation reset given they all don't earn profit yet
It doesn't make money
Why are you posting this under “Layoffs”? I haven’t heard of any hiring freeze or layoffs there
Oh didn’t realize that. Accidentally put there. Changed it
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Thank you AAPL and NVDA
Didn’t they hide a breach?