Snowflake (SNOW) stock sinks in Wednesday after-hours trading after its product sales guidance fell short of expectations. Snowflake CEO Frank Slootman has stepped down from his role as chief executive. Artificial intelligence developer C3.ai (AI) beat third-quarter revenue estimates. Lastly, Okta, Inc. (OKTA) stock shoots up over 20% after topping fourth-quarter revenue forecasts. For more …
The tech industry has started 2024 with another wave of job cuts, paring back even further after widespread lay-offs last year. So far, some 32,000 tech workers have lost their jobs in 2024 according to Layoffs.fyi, a start-up that has been tracking job cuts in the industry since the pandemic. Snap became the latest example, …
US-based software company Okta, which provides identity tools like multi-factor authentication and single sign-on to thousands of businesses, has suffered a security breach. Hackers have been able to break into its customer support unit. Okta has claimed that the incident affected a “very small number” of customers, however, it appears that the hackers responsible had …