Fair Isaac said management committed on October 1, 2026 to a workforce reduction plan that includes reducing the number of layers in the organization, simplifying the operating structure, optimizing processes and tools, and integrating AI-driven product development.

1. 01

   Fair Isaac said management committed on October 1, 2026 to a workforce reduction plan that includes reducing the number of layers in the organization, simplifying the operating structure, optimizing processes and tools, and integrating AI-driven product development.

2. 02

   The company said the plan eliminates approximately 15% of positions across the company, and employees affected by it began to be notified the week of October 5, 2026.

3. 03

   Fair Isaac said it expects to incur aggregate pre-tax charges of approximately $27.0 million in the fourth quarter of fiscal 2026, Q4. The charges consist of employee severance and related costs, substantially all of which are expected to result in future cash expenditures.

4. 04

   The company said it expects the plan to be substantially completed by the end of the third quarter of fiscal 2027. It added that statements on the timing, scope and costs are forward-looking and that actual results could differ materially.

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Original filing

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