Synopsys Streamlines Staff: Chip Software Giant to Lay Off 10% After Ansys Acquisition
Chip design software giant Synopsys has announced plans to lay off nearly 10 percent of its global workforce—around 2,000 employees—as part of a restructuring effort following its acquisition of Ansys. The company said the move aims to redirect investments toward new growth areas, according to a report by Reuters.
The Reuters report stated that Synopsys decided on the restructuring after failing to meet earnings expectations in the third quarter, which followed its $35 billion cash-and-stock acquisition of Ansys last September.
The company expects to incur pre-tax charges between $300 million and $350 million, including severance costs and expenses related to office closures. Most of the layoffs are expected to be completed in the 2026 fiscal year, with the full restructuring plan finalized by 2027.
It is notable that layoffs have surged across the global tech industry this year, particularly in the United States. In October alone, more than 150,000 job cuts were recorded—marking the highest figure in two decades. Synopsys’ major clients include Nvidia, Intel, and Qualcomm.
DBTech/BMT/OR
