Brief: Korn Ferry Initiates A Plan Intended To Realign Its Workforce

Korn Ferry

12/01/2023 12:14

Jan 12 (Reuters) - Korn Ferry  KFY.N :
    * KORN FERRY -  ON JANUARY 11, 2023, THE COMPANY INITIATED A
PLAN
(THE “PLAN”) INTENDED TO REALIGN ITS WORKFORCE
    * KORN FERRY -  WILL FURTHER REDUCE ITS COST BASE BY
ELIMINATING
UNDERUTILIZED OFFICE SPACE
    * KORN FERRY -  PLAN IS EXPECTED TO BE SUBSTANTIALLY
COMPLETED BY
THE END OF FISCAL 2023
    * KORN FERRY -   PLAN IS EXPECTED TO REDUCE THE COMPANY’S
ANNUALIZED COST BASE BY APPROXIMATELY $45.0 MILLION TO $55.0
MILLION
    * KORN FERRY -   PLAN IS EXPECTED TO RESULT IN AN ESTIMATED
PRE-TAX CHARGE OF APPROXIMATELY $45.0 MILLION TO $50 MILLION

Source text: (https://bit.ly/3CJnsea)
Further company coverage:  KFY.N 
 ((Reuters.Briefs@thomsonreuters.com;))