Fair Isaac and Company (FICO) shares took center stage on Oct. 7 after the NYSE-listed credit score provider announced a major corporate restructuring. In its press release, FICO said it plans on laying off about 15% of its global workforce to streamline operations and accelerate integration of artificial intelligence (AI) into its product suite.
The announcement comes as FICO stock is under immense pressure, currently trading at less than half its price at the start of this year.
