Synopsys plans 10% job cuts after Ansys deal closure
Yahoo Finance·2025-11-12 14:22
(Reuters) -Synopsys will lay off about 10% of its workforce, or roughly 2,000 employees, as the chip-design software maker looks to redirect investment towards growth opportunities, according to a regulatory filing on Wednesday. The move comes after the company completed its $35 billion cash-and-stock acquisition of engineering design firm Ansys earlier this year and missed analysts' estimates for third-quarter revenue in September. Synopsys said it expects to incur pretax charges to its financial res ...