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33m ago

Synopsys to Cut About 2,000 Jobs, Book $300–$350 Million in Charges After Ansys Deal

The restructuring redirects spending toward faster-growing lines following underwhelming results.

© Getty Images/jejim
Synopsys is headquartered at 675 Almanor Ave. in Sunnyvale, Calif., where the effects of a new and sweeping layoff round are already beginning.
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Overview

  • Synopsys said the reduction equals roughly 10% of its workforce as it shifts resources to higher-growth businesses.
  • The company expects pre-tax charges of $300 million to $350 million tied mainly to severance and site closures, with most actions falling in fiscal 2026.
  • New guidance calls for adjusted EPS of $2.76 to $2.80 on revenue of $2.23 billion to $2.26 billion, below Wall Street expectations.
  • A WARN filing shows 175 positions to be eliminated at the Sunnyvale, California headquarters in January across engineering and corporate functions.
  • The move follows the $35 billion acquisition of Ansys and comes after September quarterly results missed on revenue and earnings, with analysts noting pressure in design IP and concerns about AI strategy and China exposure.