Synopsys is eliminating approximately 10% of its global workforce, or around 2,800 jobs, as part of a restructuring plan.
“This restructuring will allow Synopsys to invest in key growth opportunities and drive business efficiencies following the completion of its [$35-billion] acquisition of ANSYS, Inc.,” the company said in a recent regulatory filing.
“[We expect] a majority of the workforce reductions in fiscal year 2026 and to substantially complete the restructuring plan by the end of fiscal year 2027, subject to local law and consultation requirements.”
Synopsys expects to take pre-tax charges of $300 million to $350 million, including severance and site closure costs.
Samfiru Tumarkin LLP has been contacted by Canadian employees at Synopsys — claiming they’ve been let go.
Our experienced employment lawyers are reviewing the severance offers that affected staff have received.
According to LinkedIn, the company currently has more than 1,000 workers in Canada.
Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.
If you’ve lost your job at Synopsys for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation...
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