8-KItem 2.05 · Exit/Disposal Costs
Fair Isaac to Cut About 15% of Workforce, Taking $27 Million Charge
Filed with the SEC on · Summarized by InvestorsBot
Fair Isaac said it committed on October 1, 2026, to a workforce-reduction plan eliminating approximately 15% of positions as it simplifies operations, optimizes processes and integrates AI-driven product development. The company expects about $27.0 million in pretax severance and related charges in the fourth quarter of fiscal 2026, with the plan substantially complete by the end of the third quarter of fiscal 2027; most costs are expected to be paid in cash.