Thread regarding Synopsys Inc. layoffs

SNPS pretty standard formula - 10 years wasted....

Running out of steam on Technology side so buy 3'rd rate companies to get development talent in near term since can not develop internally with working outcome- result is now very low, low "Kwalittee" of products, especially in IP division.
Senior Engineering people on former mainstay products like Synthesis have left for Google, etc. Senior IT people let go for age and expense - terrible IT infrastructure as result.
Internal Code Word is "Low Cost Engineering Sites" - this translates into replacing "high cost center" (US & Europe) headcount to cheaper locations ie India, China, Russia, Viet Nam next, etc.
Politically dangerous - gross incompetence at Dir., GM and VP level - Exec team totally out of touch - too busy on stock repurchase and lining their pockets before they bail.
Have yet to see Dir + with actual experience on stated job qualifications.
Expect stock bust when they leave - 2000 financial manipulators on payroll versus >300 Technical managers should give one a hint. Summit EDA Design experience waiting to happen if government ever smartens up and audits.
If over 50+ - your days are numbered - in general if you know what you are doing - you will get pushed out for knowing better. HR only there to protect management chain abuses.

Layoff's are held twice a a year - in early spring and early fall - Enron wanna-be's on bell curve or on political hit list. If business bad ie profit margin not high enough - expect zero warning lay-off's right before Christmas in early December.
As widely noted on this forum - CAE (Corporate Applications Engineering) is burn-out job due to horrible bosses, poor quality product (releasing with known bugs), and disregard for customers.

An on-point post from @QTZfC6K-a7kwn
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Post ID: @OP+110pSoQy

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Just heard today, things are moving to low cost centres. Layoffs here.

Post ID: @31yju+110pSoQy

sh–test company on planet. Especially the Synthesis, PnR, STA and DFT teams

Post ID: @2Uwjx+110pSoQy

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