axed 400 jobs around the world as part of an attempt to save about $70 million in 2001.
The digital design and consulting company said eliminating about 20% of its workforce would increase profitability and shareholder value.
To cut costs in other ways, the New York-based Razorfish will restrict expense policies in some areas, streamline some regional departments and expand its use of partnerships and alliances.
In regular trading on the
, Razorfish closed at $1.81, down 16 cents for the day. In after-hours activity on
, the stock climbed to $2.05.