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
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Recent Synopsys Inc. News
Stock Price
Company Info
- Website
- www.synopsys.com
- Industry
- Software - Infrastructure
- Sector
- Technology
- Headquarters
- Sunnyvale, CA, United States
- CEO
- Mr. Sassine Ghazi
- Employees
- 28,000
Event Snapshot
Financials
Disclaimer
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