Synopsys is planning to cut its workforce by around ten percent as part of a restructuring plan.

According to a regulatory filing, the company said the layoffs will allow it to “invest in key growth opportunities and drive business efficiencies” in the wake of its acquisition of Ansys.

Around 2,000 employees are expected to be impacted by the cuts, which Synopsys plans to have mostly completed by the end of fiscal year 2026, and “substantially” completed by the end of 2027, subject to local labor laws and requirements. The company expects to incur costs of between $300 and $350 million as a result of the layoffs.

"We are taking a number of targeted steps to improve our efficiency to scale the business, accelerate our strategy, and capitalize on the highest-growth opportunities. These initiatives will result in reducing our global workforce over the course of our fiscal year 2026. We do not take these measures lightly and are committed to treating impacted employees with respect and providing support through the transition," Synopsys told DCD.

Synopsys’ $35 billion acquisition of Ansys closed in July 2025, 18 months after the deal was first announced.

The acquisition was approved after both companies agreed to sell off a number of their software offerings, with Synopsys offloading its Optical Solutions Group to Keysight in addition to transferring other optics and photonics software offerings, including Code V, LightTools, LucidShape, RSoft, and ImSym.

Ansys also agreed to sell its register-transfer-level power consumption analysis software, PowerArtist, in order to close the deal.