Welcome to The Fordyce Letter:
Good to see some not-too-bad news: Korn/Ferry is up pretty sharply (8%) as the market opens.
The company says:
-Things are stabilizing but the future economy and labor markets are up in the air
-Executive searches opened are down 30% (1,352 vs. 1,920)
-Average fee per engagement is down 16%
More details here.
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