Okta reaffirms Q4/FY25 guidance; announces ~3% workforce reduction (~180 employees), $11M restructuring charges

Okta, Inc.

Reaffirms Q4 and FY2025 financial guidance as provided on Dec 3, 2024; results to be reported March 3, 2025.
Announces restructuring plan on Feb 4, 2025, cutting ~180 full-time employees (~3% of workforce).
Expects ~$11M in restructuring charges in Q4 FY2025 for severance and benefits, mostly paid in Q1 FY2026.
Excludes restructuring charges from non-GAAP measures; insignificant stock-based comp adjustment in Q1 FY2026.

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