Fair Isaac falls after AI push triggers 15% workforce reduction

Fair Isaac

06/10/2026 22:08

** Shares of credit-scoring giant Fair Isaac FICO.N fall 2.4% to $679.01 in extended trading
** Co says it will cut about 15% of its workforce as it reduces management layers, simplifies operations and integrates AI-driven product development
** Says affected employees began receiving notices during the week of Oct. 5
** Co expects the restructuring plan to be substantially completed by the third quarter of fiscal 2027
** Expects to record about $27 million in pre-tax charges in fiscal 2026 fourth quarter, mainly related to severance and employee costs
** Says most of the charges are expected to result in future cash expenditures
** As of last close, stock down ~59% YTD
 
  
 

 (Reporting by Sahil Pandey in Bengaluru)
 ((Sahil.Pandey@thomsonreuters.com))