September 2025 rolls around and...surprise! Another round of layoffs. About 300, globally. Large enough to decimate the affected employees, but small enough that it's not reported to the media. Why, you may ask? Let's just say that the leadership has to contend with the tiny "problem" regarding the share price of their stock. $2,375 in December last year, down to $1,620 as of today. That's enough to pi-s off institutional and retired investors. 'Splain that one, Will Lansing and Steve Weber.
Of course, they'll tell shareholders they've taken steps to improve efficiencies across the organization by reducing redundant positions, but the reality is far more interesting; criticism from Bill Pulte who heads the FHFA and VantageScore's social posts criticizing FICO caught them flat footed. They've yet to be convincing in their responses and hence, the share price remains depressed and another group of employees suffer.
Sure, they'll crow about FICO's newest 10T Score, but the reality is, only a fractional number of customers are implementing it. Same with all of releases the Software side of the business is introducing.
Sadly, the culture has changed for the worse, with this latest round of layoffs taking out many good employees with ten years or more of tenure. Keep an eye on what the leadership team will do next. If you're considering employment there - don't. The only good thing about their recent troubles is that investors will get pi---d off enough to demand a change in the current leadership. You can only kick the can down the road so far.