FICO cuts workforce by 15% in AI-driven restructuring

Fair Isaac, commonly known as FICO, announced on Tuesday that it plans to reduce its workforce by 15%, affecting approximately 570 employees. The restructuring aims to streamline operations and incorporate artificial intelligence into product development. FICO, which employed 3,811 people as of September 2025, began notifying affected staff this week.

The company anticipates $27 million in pre-tax charges for the fourth quarter of fiscal 2026, primarily due to severance costs. This restructuring process is projected to be largely completed by the third quarter of fiscal 2027.