Synopsys Slashing 10% of Staff Following $35B Acquisition of Ansys
What’s Happening at Synopsys?
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.
Canadian Staff Reportedly Affected
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.
If you’re a non-unionized employee, check out our Synopsys Layoffs + Severance Guide. You can also use our free Pocket Employment Lawyer tool for real-time insights.
📺 WATCH: Everything You Need to Know About Mass Terminations
Lost Your Job? Get Help Now
📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.
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 you’re legally entitled to.
Contact your union immediately. By law, employment lawyers can’t represent unionized employees.
Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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