Korn/Ferry’s Loss Narrows on Cost Cuts

Korn/Ferry International said its fiscal fourth-quarter loss narrowed to $1.98 million after the company cut expenses.

The net loss decreased to 5 cents a share from $13.3 million, or 35 cents, a year earlier.

Revenue fell 12% to $82.4 million.

The Los Angeles-based company said it was combining offices until companies start hiring again.

Shares of Korn/Ferry fell 8 cents to $8.02 on the NYSE.