Synopsys, a Bay Area company known best for its silicon chip-design software, is laying off more than 2,000 workers after closing its acquisition of the engineering and design company Ansys.
The board of Synopsys has approved a “restructuring plan” that includes layoffs for approximately 10% of the company’s workforce, according to a Wednesday filing with the Securities and Exchange Commission. The document said Synopsys is estimating $300 million to $350 million in costs from the overhaul, including from severance payments. The layoffs will mostly land during its 2026 fiscal year, which started earlier this month.
Indeed, a WARN document, which companies are generally required to file in the event of mass layoffs, has a list of cuts for the Bay Area that are slated to go into effect in January. Filed Wednesday, the document shows that Synopsys is laying off 175 people at its headquarters in Sunnyvale, including a swath of workers in engineering and management roles — 55 of the employees were in R&D engineering — as well as legal, data science, IT support, accounting and administration staffers…