How to Play SNPS Stock Amidst Layoffs at Synopsys Synopsys, a leading provider of software used to design and test semiconductor chips, has recently eliminated 128 positions at its Sunnyvale campus.
This move is part of the company's broader restructuring program, which includes site closures and workforce reductions expected through 2027.
While Synopsys' financial performance has improved in recent years, with revenue and earnings growing year over year, the integration of Ansys has brought about significant changes to its workforce.