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  • $16B Okta slashes 180 jobs despite posting its first-ever profits
SF tech company worth $16B lays off staff after turning first profits
Layoffs
$16B Okta slashes 180 jobs despite posting its first-ever profits
Founder News Team Aug 13, 2026 0

Okta just recorded its first profitable year in company history, yet it is still cutting 180 employees from its workforce…

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  • EV Shift Lifts Endurance Technologies Profit to 952 Crore Despite Cost Risks
  • British Tourists Outspend Every Overseas Market as Canada Sets 2026 Revenue Records
  • Meta Layoff Ends a 13-Year Engineer’s Unlikely Rise From DJ Booth
  • €15 Million Fines Kick In for Unlabeled AI Content Across Europe
  • London AI startups hoover up $12.1 billion as office rents surge 18%
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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies. By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.
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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies.

By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.

Latest News
Whalesbook
EV Shift Lifts Endurance Technologies Profit to 952 Crore Despite Cost Risks
Aug 13, 2026
UK Extends Lead as Canada’s Top Overseas Tourism Source
British Tourists Outspend Every Overseas Market as Canada Sets 2026 Revenue Records
Aug 13, 2026
From Wedding DJ to Meta Engineer: My 13-Year Career and Layoff
Meta Layoff Ends a 13-Year Engineer’s Unlikely Rise From DJ Booth
Aug 13, 2026
Europe's AI Transparency Rules Now Enforceable — With Fines That Bite
€15 Million Fines Kick In for Unlabeled AI Content Across Europe
Aug 13, 2026
King's Cross in London has become a hub for AI startups
London AI startups hoover up $12.1 billion as office rents surge 18%
Aug 13, 2026
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