As dark economic clouds hang over Silicon Valley, another giant tech company has announced thousands of layoffs.
Synopsys, a large technology company that services the semiconductor industry, has hinted at more than 2,000 layoffs, according to a SFGate report citing a recently filed SEC document. The document says:
On November 9, 2025, Synopsys, Inc. The Board of Directors of Synopsys (“Synopsys”) approved a restructuring plan that is expected to result in the elimination of approximately 10% of Synopsys’ workforce by fiscal year 2025 year-end (“Restructuring Plan”).
SFGate reports that, as of the end of fiscal year 2024, Synopsys had about 20,000 employees (the company’s website actually claims it has 28,000) — so the figure is 2,000. However, the layoffs came out of nowhere. Synopsys recently completed the acquisition of a company called Ansys, details are recorded in an SEC filing:
This reorganization brought Synopsis to ANSYS, Inc. The completion of the acquisition will allow it to invest in key growth opportunities and enhance business efficiency.
With acquisitions and restructuring, layoffs are common, so, in this sense, job losses are not unexpected. The purchase of Ansys, which describes itself as “a leader in engineering solutions from silicon to systems,” was originally announced last year. Synopsys previously announced that the acquisition was completed this summer.
The company also said it expects the majority of layoffs will take place “in fiscal year 2026” and that it will be able to complete its “restructuring plan” by the end of fiscal year 2027, subject to local legislation and consultation requirements.
“We are taking several targeted steps to scale the business, accelerate our strategy, and improve our efficiency to capitalize on the highest growth opportunities,” the company told Gizmodo when reached for comment.
Gizmodo contacted Synopsis for more details.
This has been a particularly disappointing season for the tech industry, although the overall US economy is not in good shape at the moment. A recently published report showed that October was the worst month for job losses in the US since 2003, and the tech industry was leading in terms of dismissals. Another report, which came out earlier this summer, suggested that many entry-level tech jobs are being swallowed by AI. I guess every gravy train has to end at some point.