FTI Consulting, Inc. filed a Current Report on Form 8-K on October 30, 2026, disclosing third-quarter financial results and a workforce reduction plan that triggered a $46.0 million special charge in the quarter ended September 30, 2026.

Key Highlights

  • Workforce reduction: The company disclosed a plan that included termination of approximately 4% of its more than 8,200 employees across the third and fourth quarters of 2026.
  • Q3 special charge: FTI Consulting recorded a $46.0 million special charge in the third quarter, consisting of $45.5 million in salary- and benefits-related costs and $0.5 million in non-cash real estate-related costs.
  • Expected Q4 charge: The company expects to record an additional special charge of approximately $7 million in the fourth quarter, comprising approximately $2 million in salary- and benefits-related costs and approximately $5 million in real estate-related costs.
  • Employee notification: All affected employees were notified by October 29, 2026, and will be released subject to applicable notice periods.
  • Financial results announced: A press release announcing financial results for the three and nine months ended September 30, 2026, was issued on October 29, 2026, and furnished as Exhibit 99.1.
  • Non-GAAP measures disclosed: The filing identifies eight non-GAAP financial measures referenced in the press release and accompanying presentation, including Adjusted EBITDA, Adjusted EPS, and Free Cash Flow.

FTI Consulting's Q3 2026 Restructuring Plan and Special Charges

According to the filing, FTI Consulting (NYSE:FCN) initiated a plan during the third quarter ended September 30, 2026, to align staffing with demand. The plan encompassed targeted headcount reductions and real estate-related actions. The company reported that approximately 4% of its more than 8,200 employees would be affected across the third and fourth quarters of 2026, with all affected employees notified by October 29, 2026.

In connection with the plan, FTI Consulting recorded a $46.0 million special charge in the third quarter. The filing specifies that $45.5 million of this charge related to salary- and benefits-related costs tied to the headcount reductions, while the remaining $0.5 million consisted of non-cash real estate-related costs. The company further disclosed that it expects to record an additional special charge of approximately $7 million in the fourth quarter of 2026, of which approximately $2 million is expected to be salary- and benefits-related and approximately $5 million is expected to be real estate-related.

Separately, the filing notes that on October 29, 2026, the company issued a press release and held a conference call covering financial results for both the three and nine months ended September 30, 2026. A presentation was also furnished and posted to the company's website. The filing also references ongoing litigation captioned FTI Consulting, Inc. et al., v. Jonathan M. Orszag et al., noting that in May 2026 a U.S. District Court allowed the company to file a third amended complaint adding Econic Partners LLC and Dr. Mark Israel as defendants, along with additional claims including for theft of company trade secrets.

What Was Disclosed

FTI Consulting disclosed a workforce and real estate restructuring plan initiated in Q3 2026 that generated a $46.0 million special charge, with an additional approximately $7 million charge expected in Q4 2026. The filing also covered the company's Q3 financial results announcement and use of non-GAAP financial measures.