Layoff Details
- Reason
- Part of a comprehensive restructuring plan approved on November 9, 2025, following the completion of its $35 billion cash-and-stock acquisition of Ansys. This strategic move is designed to streamline operations, enhance business efficiencies, and allow Synopsys to invest in key growth opportunities and higher-growth sectors, particularly as artificial intelligence reshapes the industry. The restructuring also addresses missed Wall Street's third-quarter revenue expectations and includes a global site strategy with certain site closures. The majority of workforce reductions are anticipated to occur in fiscal year 2026, with the plan substantially completed by the end of fiscal year 2027.
- Affected Locations
- SunnyvaleCalifornia
- Affected Departments
- EngineeringR&D EngineeringManagementLegalData ScienceIT SupportAccountingAdministration
Stock Performance Around Layoff
Company Info
- Industry
- Software - Infrastructure
- Headquarters
- Sunnyvale, CA, United States
- Total Employees
- 20,000
- Stock
- SNPS
- Market Cap
- $73.38B
Disclaimer
Data aggregated from public sources including WARN notices, SEC filings, press releases, and news reports. While we strive for accuracy, information is provided "as-is" for informational purposes only. Always verify critical information with official sources.
This information does not constitute investment, financial, legal, or career advice. See our Terms of Service, Privacy Policy, and About page for more information.
Found an error? Report it here.