Synopsys to Cut 10% of Workforce, Close Sites in Restructuring

By Connor Hart

Synopsys will lay off about 10% of its workforce as part of a restructuring plan that the company said will allow it to invest in growth opportunities and drive efficiencies following its recent acquisition of Ansys.

The chip software design company said Wednesday it expects the majority of the job cuts to occur during its fiscal 2026, which began Nov. 1. It expects to substantially complete the restructuring by late 2027.

Synopsys had about 20,000 employees at the end of its fiscal 2024, according to its most recent annual filing with the Securities and Exchange Commission.

The company said it expects to record up to $350 million in pretax charges stemming from the restructuring, mostly consisting of severance and other one-time termination benefits. It will additionally close certain sites as part of the restructuring.

Synopsys' restructuring follows its $35 billion cash-and-stock deal for Ansys, which expanded the company's reach in simulation software for designers of microchips, cars and airplanes. Synopsys is one of two big players, along with Cadence Design Systems, in the software that chip designers use to lay out circuitry and test it prior to manufacturing.

The deal faced regulatory scrutiny earlier this year, leading the companies to divest certain assets to address competition concerns.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 12, 2025 10:13 ET (15:13 GMT)