Synopsys announces 10% workforce reduction as of FY25 year-end

In a regulatory filing, the company stated, “On November 9, 2025, the Board of Directors of Synopsys (SNPS) approved a restructuring plan that is expected to result in the termination of approximately 10% of Synopsys’ workforce as of fiscal 2025 year-end. This restructuring will allow Synopsys to invest in key growth opportunities and drive business efficiencies following the completion of its acquisition of ANSYS, Inc. Synopsys currently estimates that it will recognize pre-tax charges to its GAAP financial results ranging from $300 million to $350 million consisting of severance and other one-time termination benefits, and other costs such as certain site closures as part of its global site strategy. Synopsys expects a majority of the workforce reductions in fiscal year 2026 and to substantially complete the Restructuring Plan by the end of fiscal year 2027, subject to local law and consultation requirements.”