Overview
- In an SEC filing dated Nov. 9, Synopsys said its board approved a global restructuring that will reduce its workforce by approximately a tenth.
- The company expects $300 million to $350 million in pre-tax charges tied to severance, termination benefits and select site closures.
- Most reductions are scheduled for fiscal 2026, with the plan largely completed by the end of fiscal 2027, subject to local requirements.
- Depending on the headcount basis used, the cuts equate to roughly 2,000 to as many as 2,800 positions worldwide.
- A WARN filing shows 175 roles slated to be eliminated at the Sunnyvale headquarters in January, including dozens of R&D engineering jobs.