FICO to cut about 15% of positions in AI-focused restructuring
Fair Isaac plans to eliminate about 15% of positions to flatten its structure and build AI into product development. It expects about $27.0M in pre-tax charges, mostly severance, in fiscal Q4 2026.
Fair Isaac plans to eliminate about 15% of positions to flatten its structure and build AI into product development. It expects about $27.0M in pre-tax charges, mostly severance, in fiscal Q4 2026. (FICO 8-K (Item 2.05); Reuters via The Star)
Staff were notified from the week of Oct 5, and the plan should be substantially complete by the end of fiscal Q3 2027. FICO did not give a headcount; Reuters estimated about 570 people. (FICO 8-K (Item 2.05); Reuters via The Star)