Synopsys is preparing to cut about 10% of its global workforce — roughly 2,000 roles — as it shifts investment toward new growth areas following the $35B acquisition of Ansys. The company confirmed the plan in a regulatory filing, noting it will take $300–350M in pretax charges linked to severance, site closures, and other one-off restructuring costs.
Most layoffs are expected during fiscal 2026, with the bulk of the restructuring finishing by the end of 2027. The move follows a softer-than-expected Q3, where revenue came in below analyst forecasts.
The cuts land amid one of the toughest layoff waves in years. More than 150,000 jobs were eliminated across U.S. companies in October alone — the biggest drop for that month in two decades — with tech firms leading the trend.
Synopsys, a key partner to Nvidia, Intel, and Qualcomm, continues to face slower demand in China due to export restrictions and reduced design activity. While some limits on chip design software were lifted in July, the company is still navigating a challenging environment as it reshapes for growth.
Related News