Synopsys plans 10% job cuts after Ansys deal closure: Report
Chip-software giant Synopsys is planning to lay off approximately 10% of its workforce, according to a Wall Street Journal report. "This is to improve our efficiency to scale the business, accelerate our strategy, and capitalise on the highest-growth opportunities," the company stated. This restructuring comes in the wake of Synopsys' $35 billion cash-and-stock acquisition of Ansys.