Another Major Tech Company Just Announced Thousands of Layoffs

As a dark economic cloud settles over Silicon Valley, yet another giant tech firm has announced thousands of layoffs.

Synopsys, a large tech company that supplies services to the semiconductor industry, seems to have signaled over 2,000 layoffs, SFGate reports, citing a recently filed SEC document. The document states:

On November 9, 2025, the Board of Directors of Synopsys, Inc. (“Synopsys”) approved a restructuring plan that is expected to result in the termination of approximately 10% of Synopsys’ workforce as of fiscal 2025 year-end (the “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)—hence the 2,000 figure. The layoffs did not come out of nowhere, however. Synopsys recently finished its acquisition of a company called Ansys, a detail that is noted in the SEC doc:

This restructuring will allow Synopsys to invest in key growth opportunities and drive business efficiencies following the completion of its acquisition of ANSYS, Inc.

With acquisitions and restructuring, layoffs are common, so, in that sense, the job loss isn’t unexpected. The procurement of Ansys, which describes itself as the “leader in engineering solutions from silicon to systems,” was originally announced last year. The acquisition was completed this summer, Synopsys previously announced.

The company has also said that it expects that a majority of the layoffs will take place “in fiscal year 2026” and that it will be able to mostly complete its “Restructuring Plan by the end of fiscal year 2027, subject to local law and consultation requirements.”

″We are taking a number of targeted steps to improve our efficiency to scale the business, accelerate our strategy and capitalize on the highest-growth opportunities,” the company told Gizmodo, when reached for comment. “These initiatives will result in reducing our global workforce over the course of our fiscal year 2026. We do not take these measures lightly and are committed to treating impacted employees with respect and providing support through the transition.”

Gizmodo reached out to Synopsys for more information.

This has been a particularly sucky season for the tech industry, although the overall U.S. economy isn’t in great shape at the moment. A recently published report showed that October was the worst month for job losses in the U.S. since 2003, and leading the pack for terminations was the tech industry. Another report, which came out earlier this summer, suggested that many entry level tech jobs are being swallowed up by AI. I guess every gravy train has to an end at some point.