Synopsys to cut about 10% of its workforce
Synopsys will lay off about 10% 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.
