Korn ferry says on april 20 initiated a plan intended to adjust its cost base to current economic environment

Korn ferry says on april 20 initiated a plan intended to adjust its cost base to current economic environment - sec filing.korn ferry - plan includes reduction in workforce expected to be substantially completed by end of q4 of fiscal 2020.korn ferry - temporary furlough of certain employees.korn ferry - initially expects pay cuts and furloughs to be effective through august 31, 2020.korn ferry - will initially reduce company's annualized cost base by approximately $300 million.korn ferry - executive officers, board previously agreed, effective may 1, 2020, to reductions in base salary and cash retainer, respectively.korn ferry - plan is expected to result in an estimated pre-taxcharge of approximately $55 - $65 million.
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