Bay Area tech company Synopsys to lay off more than 2,000 workers

"The board of Synopsys has approved a "restructuring plan" that includes layoffs for approximately 10% of the company's workforce, according to a Wednesday filing with the Securities and Exchange Commission. The document said Synopsys is estimating $300 million to $350 million in costs from the overhaul, including from severance payments. The layoffs will mostly land during its 2026 fiscal year, which started earlier this month."

"Synopsys declined SFGATE's request for breakdowns of where the overall job cuts will hit the company, but spokesperson Cara Walker said the "targeted steps" are meant to "accelerate our strategy and capitalize on the highest-growth opportunities," resulting in a smaller eventual workforce. She added: "We do not take these measures lightly and are committed to treating impacted employees with respect and providing support through the transition.""

"Indeed, a WARN document, which companies are generally required to file in the event of mass layoffs, has a list of cuts for the Bay Area that are slated to go into effect in January. Filed Wednesday, the document shows that Synopsys is laying off 175 people at its headquarters in Sunnyvale, including a swath of workers in engineering and management roles - 55 of the employees were in R&D engineering - as well as legal, data science, IT support, accounting and administration staffers."

Synopsys is laying off more than 2,000 workers, roughly 10% of its global workforce, following the closing of its $35 billion acquisition of Ansys. The company estimates $300 million to $350 million in restructuring costs, primarily severance, with most reductions occurring in fiscal 2026. A WARN filing lists 175 planned layoffs at the Sunnyvale headquarters in January, including 55 R&D engineers and roles across engineering, management, legal, data science, IT support, accounting and administration. Synopsys had about 20,000 employees at the end of fiscal 2024; Ansys had about 6,500. The company says cuts aim to accelerate strategy and focus on high-growth opportunities while providing transition support.

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