Chip design giant Synopsys will lay off 10% of its workforce (approximately 2,000 employees) as part of restructuring following its $35 billion acquisition of engineering simulation company Ansys. The company will also close select sites to invest in targeted growth areas and drive post-merger efficiencies. Synopsys expects pre-tax charges of $300M-$350M including severance and site closures, with layoffs primarily occurring in fiscal 2026 (began Nov 1, 2025) and completing by end of fiscal 2027. At least 175 workers in Sunnyvale, CA affected with layoffs effective January 2026.