Synopsys Announces Major Restructuring & Job Cuts

Synopsys, a leading Silicon Valley tech firm known for developing chip design software, recently acquired Ansys in a major $35 billion deal. 

Consequently, there were significant layoffs. Following the merger, Synopsys announced it would cut up to 2,800 jobs, roughly 10% of its workforce. 

When two companies merge, they often discover that they have excess staff in roles such as HR, finance, or specific engineering positions. Reducing these duplicate roles helps save costs.

Synopsys plans to heavily invest in emerging, high-growth areas, especially in Artificial Intelligence (AI) technologies. Eliminating costs in other sectors allows for more funding to be allocated to these strategic initiatives.

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This trend aligns with the wider layoffs seen across the tech industry, as companies aim to optimise operations and allocate resources toward AI-driven growth. Most of these layoffs are expected to occur throughout 2026.