Synopsys Plans 10% Job Cuts After Ansys Deal Closure (reuters.com)
- Reference: 0180056044
- News link: https://slashdot.org/story/25/11/12/1730230/synopsys-plans-10-job-cuts-after-ansys-deal-closure
- Source link: https://www.reuters.com/business/world-at-work/synopsys-cut-about-10-its-workforce-2025-11-12/
> Synopsys will [1]lay off about 10% of its workforce , or roughly 2,000 employees, as the chip-design software maker looks to redirect investment towards growth opportunities, according to a regulatory filing on Wednesday. The move comes after the company completed its [2]$35 billion cash-and-stock acquisition of engineering design firm Ansys earlier this year and missed analysts' estimates for third-quarter revenue in September.
[1] https://www.reuters.com/business/world-at-work/synopsys-cut-about-10-its-workforce-2025-11-12/
[2] https://slashdot.org/story/24/01/16/1413236/chip-software-firm-synopsys-agrees-to-buy-ansys-for-35-billion
too bad (Score:3)
I used to do some consultant work for their Marlborough, MA office after they bought out a company I did long term consultant work for (our company focused on defect and yield management for silicon wafers). As for this news, it sounds like a management problem. They didn't properly evaluate a new acquisition. Hopefully the majority of those 2,000 layoffs are in management, but we all know that won't be the case...
Funny how that works (Score:2)
I never see anyone announcing a 10-20% executives cut. Seems like it would be simpler to let go a handful of people that receive the highest compensation and do the least work, especially after a merger where upper management is extremely redundant.
Re: (Score:2)
It's a big club and you ain't in it
--George Carlin
Behold! Economic growth! (Score:2)
Twelve ounces of water in an eight ounce cup.
Just a reminder that if you enforce antitrust law (Score:3)
You get a lot more job opportunities. Every time these companies merge they fire somewhere between 10% and 40% of their staff.
That means fewer job opportunities for you and that means supply and demand kicks in and lowers your wages.
If you're American you are also losing out on jobs to countries like Canada and Germany and United Kingdom where they have universal Health Care.
That's because as an American every company that hires you needs to budget at least 10,000 a year to pay for your health insurance on top of your premiums. Assuming you're not working at some place like Walmart that just tries to put you on government programs because they pay you so little...
It's all connected. We need to start thinking about how these systems are lowering our pay and costing us our jobs.
Re: (Score:2)
> That's because as an American every company that hires you needs to budget at least 10,000 a year to pay for your health insurance on top of your premiums./quote> [1]Employers in Germany [health-insurance.de] contribute as well. The money still has to come from somewhere. It gets pretty pricey there too. I haven't checked any of the other countries you listed, but I think think the Germany example will work fine for this purpose...
[1] https://www.health-insurance.de/working/employees/
Re: Just a reminder that if you enforce antitrust (Score:2)
Sure, but the US health system is utterly broken. It's way more expensive (because it's full of predators) and doesn't work well except for very rich people.
Re: (Score:2)
> Sure, but the US health system is utterly broken. It's way more expensive (because it's full of predators) and doesn't work well except for very rich people.
100%, it is broken. Take a look at the valuation of US health insurance companies since the US adopted the ACA. They've been benefiting greatly from that crappy piece of legislation getting passed. I wasn't in favor of the ACA, but the republicans wanted it to fail while the Democrats just wanted to get something passed. So each side compromised until they got something miserable passed.
However, at least in the Germany example, a lot of times the employer is still paying at least as much as US companies do
The problem is any attempt to change it (Score:2)
And the private insurance companies spend hundreds of billions of dollars convincing the public that you're going to kill grandma
When there was a possibility of a public option in the affordable Care act the private insurance company spent $750 billion dollars that we know of to shoot it down.
I get pissed off when people complain the Democrats didn't give us a public option back then because what the fuck are they supposed to do in the face of nearly a trillion dollars of propaganda?
I don't thin
So the US healthcare system costs $500 billion (Score:2)
More than it needs to because it's a private health care system. So yes the employer gets taxed to pay for healthcare along with the employee but it is substantially less because you don't have the bloated parasite of private insurance.
The problem isn't that your company is paying for your health care, the problem is your company isn't paying for your health care it's paying for the profit margin of the private insurance company it is forced to do business with.
Re: (Score:2)
> It's all connected. We need to start thinking about how these systems are lowering our pay and costing us our jobs.
Some people do nothing *BUT* think about this. But what can we do about it? The corporations are in control. Our government doesn't even pretend to be effective any longer. Individual humans mean nothing unless they have nearly a trillion dollar net worth. The game has been rigged by those with the most tokens to make sure those with the least tokens get taken advantage of. There are no avenues for change. You can't convince those getting massive kickbacks for keeping this systems stagnant and rotting to ch