FICO cuts workforce by 15% in AI-driven restructuring

Fair Isaac, commonly known as FICO, announced on Tuesday that it will reduce its workforce by approximately 15%, impacting around 570 employees. The restructuring aims to streamline the company's operations and incorporate artificial intelligence into its product development process. As of September 2025, FICO employed a total of 3,811 individuals.

Company officials began notifying staff about the layoffs this week, though they have not yet provided a response to requests for further details on the workforce reduction. FICO anticipates incurring about $27 million in pre-tax charges during the fiscal year 2026, primarily due to severance payments. The company expects the restructuring initiative to be largely completed by the third quarter of fiscal year 2027.