Okta’s Longtime Legal Chief Retiring After Layoffs, Lawsuit

Okta Inc., an authentication software company coping with layoffs and a shareholder lawsuit, is parting ways with general counsel Jonathan Runyan.

Runyan will retire as of Friday but continue to serve as an adviser to Okta through Sept. 15, the company said in a securities filing. Larissa Schwartz, a deputy general counsel at the company, will replace Runyan as top lawyer and corporate secretary.

Okta announced last month that it would lay off 300 employees—about 5% of its 6,000-strong workforce—after watching its stock price plunge over the last year. Okta, which this week saw its share price rebound ...