FTI Consulting Announces 4% Workforce Reduction

On October 29, 2026, FTI Consulting, Inc. ("FTI Consulting" or the "Company") issued a press release announcing financial results for the three and nine months ended September 30, 2026. A copy of the press release (including accompanying financial tables) (the "Press Release") is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein. The Company also held a conference call on October 29, 2026 to announce financial results for the three and nine months ended September 30, 2026. The text of the transcript of the conference call is furnished as Exhibit 99.2 to this Current Report on Form 8-K. The Company uses a presentation from time to time in its discussions with investors and analysts (the "Presentation"). The Presentation includes FTI Consulting’s past and present financial results, operating data and other information. A copy of the Presentation is furnished as Exhibit 99.3 to this Current Report on Form 8-K and has been posted to the FTI Consulting website at www.fticonsulting.com.

Item 2.05 Costs Associated with Exit or Disposal Activities.

During the third quarter ended September 30, 2026, the Company initiated a plan to align staffing with demand (the "Plan"), which included targeted headcount reductions and real estate-related actions. All affected employees were notified by October 29, 2026, and the Plan included the termination of approximately 4% of the Company's more than 8,200 employees between the third quarter and fourth quarter of 2026. All such employees will be released subject to applicable notice periods.

In the third quarter, the Company recorded a special charge of $46.0 million, consisting of $45.5 million in salary- and benefits-related costs associated with the targeted headcount reductions and $0.5 million in non-cash real estate-related costs. The Company expects to record an additional special charge related to the Plan of approximately $7 million in the fourth quarter, consisting of approximately $2 million in salary- and benefits-related costs associated with the targeted headcount reductions and approximately $5 million in real estate-related costs.