---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-022188"
form_type: "8-K"
ticker: "OKTA"
cik: "0001660134"
company_name: "Okta, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:27:40.711065+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Okta cuts 300 jobs (5% workforce), expects $15M restructuring charge in Q4 FY23

## Summary
- Workforce reduction of ~300 employees (5% of global staff) announced Feb 2, 2023.
- Estimated $15M restructuring charge in Q4 FY23 for severance and benefits, paid mostly in Q1 FY24.
- Charges will be excluded from non-GAAP measures; stock-based comp impact expected to be insignificant.
- CEO cites overhiring and execution challenges; aims to improve profitability and focus on efficiency.
- US employees get min 13 weeks pay, healthcare through June 30, FY23 bonus eligibility, and RSU vesting through March 15.

## SEC filing metadata
- accession: 0001193125-23-022188
- form_type: 8-K
- ticker: OKTA
- cik: 0001660134
- company_name: Okta, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1660134/000119312523022188/0001193125-23-022188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1660134/000119312523022188/d443969d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-022188
- JSON: https://secwatch.observer/filing/0001193125-23-022188.json
- Plain text: https://secwatch.observer/filing/0001193125-23-022188.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.