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Regulatory filings show the company plans to cut roughly 2,000 jobs beginning immediately as part of a restructuring plan set to finish in fiscal year 2027 Synopsys will lay off about 10% of its workforce and close certain sites as part of a restructuring plan the company said will allow it to invest in the business and drive efficiencies following its recent acquisition of ansys. The layoffs follow its acquisition of engineering design company ansys for $35 billion, with the deal announced in january last year and completed in july of this year after regulator scrutiny
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Synopsys missed analyst predictions in its. Snps stock up 1.11% at $399.98. Synopsys’ $35 billion acquisition of ansys closed in july 2025, 18 months after the deal was first announced
The acquisition was approved after both companies agreed to sell off a number of their software offerings, with synopsys offloading its optical solutions group to keysight in addition to transferring other optics and photonics.
Thousands of employees are facing layoffs as tech giant synopsys cuts 10% of its workforce following a $35 billion merger with engineering design firm ansys The company disclosed the layoffs to. Synopsys said it would eliminate approximately 10% of its global workforce as the chip design software company integrates its $35 billion acquisition of engineering simulation firm ansys
