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Synopsys said it would eliminate approximately 10% of its global workforce as the chip design software company integrates its $35 billion acquisition of engineering simulation firm ansys The company expects up to usd 350 million in costs, with layoffs mainly in fiscal 2026. Regulatory filings show the company plans to cut roughly 2,000 jobs beginning immediately as part of a restructuring plan set to finish in fiscal year 2027

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The layoffs follow its acquisition of engineering design company ansys for $35 billion, with the deal announced in january last year and completed in july of this year after regulator scrutiny Synopsys will cut about 2,000 jobs as part of a major restructuring after its usd 35 billion ansys acquisition Synopsys missed analyst predictions in its.

Synopsys to slash 2,000 jobs after $35 bn ansys merger and china slowdown chip design software leader synopsys is set to cut about 10% of its workforce — roughly 2,000 employees — as part of a restructuring plan aimed at sharpening focus on growth areas

Some of the costs will additionally stem from site closures, it said