FICO layoffs: the credit-score company is cutting about 15% of its jobs and its SEC filing names AI-driven product development in the plan

FICO, the company behind the FICO credit score, is cutting about 15% of its positions, and its own SEC filing lists AI among the reasons for the job cuts. In a Form 8-K filed on 6 October 2026, Fair Isaac Corporation said management committed on 1 October to "a plan of workforce reduction by reducing the number of layers in the organization, simplifying the operating structure, optimizing processes and tools, and integrating AI-driven product development." The filing says the plan "involves the elimination of approximately 15% of positions across the Company", that affected employees were told starting the week of 5 October, and that the cuts should be substantially complete by the end of the third quarter of fiscal 2027. FICO expects about $27.0 million in pre-tax charges, mostly severance, in the fourth quarter of fiscal 2026. The filing does not give a head count, so this entry carries the percentage only. AI is one of four strands in the plan rather than the whole story, alongside fewer management layers and a simpler structure, but it is the employer's own wording. The cut is counted in the AI layoffs tracker on this site (/ai-layoffs-tracker).