---
schema_version: "secwatch.filing_event.v1"
accession: "0001660134-24-000005"
form_type: "8-K"
ticker: "OKTA"
cik: "0001660134"
company_name: "Okta, Inc."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T11:09:52.901313+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Okta announces workforce reduction of ~400 employees (7%) and $24M restructuring charge

## Summary
- Reducing workforce by ~400 full-time employees, or ~7% of total.
- Expects ~$24M restructuring charges in Q4 FY2024 for cash severance and benefits, mostly paid in Q1 FY2025.
- Reaffirms Q4 and full-year FY2024 financial guidance previously issued on Nov 29, 2023.
- Q4 FY2024 results to be reported after market close on February 28, 2024.

## SEC filing metadata
- accession: 0001660134-24-000005
- form_type: 8-K
- ticker: OKTA
- cik: 0001660134
- company_name: Okta, Inc.
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1660134/000166013424000005/0001660134-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1660134/000166013424000005/okta-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001660134-24-000005
- JSON: https://secwatch.observer/filing/0001660134-24-000005.json
- Plain text: https://secwatch.observer/filing/0001660134-24-000005.txt

## Key facts
- Earnings Releases
  Okta, Inc. updated its the fourth quarter and fiscal year ending January 31, 2024 guidance (reaffirmed).
  - Period: the fourth quarter and fiscal year ending January 31, 2024
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Okta, Inc. (the “Company”) reaffirms its financial guidance for the fourth quarter and fiscal year ending January 31, 2024, as provided in a press release issued November 29, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1660134/000166013424000005/0001660134-24-000005-index.htm

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