On its Q3 earnings conference call, Synopsys (SNPS) President and CEO Sassine Ghazi said that the company is conducting a strategic portfolio review and will be taking actions to focus its investments and execution on the “highest growth opportunities.” The company expects to undertake actions that will reduce its global headcount roughly 10% by the end of fiscal year 2026. Shares of Synopsys are down 23% in premarket trading.
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