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Fair Isaac cuts 15% of workforce in restructuring, expects $27M charge
FICOFair Isaac Corp
On October 1, 2026, Fair Isaac committed to a plan eliminating approximately 15% of its positions to simplify the operating structure and integrate AI-driven product development. Affected employees were notified beginning the week of October 5, 2026, with completion expected by the end of fiscal 2027. The company anticipates aggregate pre-tax charges of $27.0 million in the fourth quarter of fiscal 2026 for severance and related costs. Fair Isaac develops credit risk management software.