Thread regarding Synopsys Inc. layoffs

Layoffs are here..

I heard there are some layoffs happening in the North America offices, maybe other locations too. Verification and Implementation AEs are impacted. Not sure if any R&D impacted as well.

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Post ID: @OP+1kP2cF2J

14 replies (most recent on top)

Have they informed all 102 employees being layoff´╝č

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Post ID: @5gfn+1kP2cF2J

Synopsys permanently layoff 102 employees in the bay area on Mar 31,2023

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Post ID: @5rpc+1kP2cF2J

Article from Mercury News today:

https://www.mercurynews.com/2023/01/27/synopsys-mountain-view-sunnyvale-job-layoff-tech-facebook-google/

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Post ID: @5luo+1kP2cF2J

1 week per year of tenure is cr-p. Sh-t company. Do not join. Very poor compensation and severance package

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Post ID: @5aui+1kP2cF2J

Apparently the severance package was epic. One week pay per year of tenure-ship, also some people cashed parts of their unvested RSUs and additional goodbye bonus to leave peacefully. Pretty sweet deal if you’re technically savvy and land a job quick.
It seems it was a week of layoffs and people resigning. There are still some dead weight big wigs dodged the grim ripper this time around as well. Maybe next time.

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Post ID: @4ars+1kP2cF2J

It is circa 3% for the business unit i work for. But it is happening.

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Post ID: @3jpr+1kP2cF2J

Will there be second or third layoff this year?

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Post ID: @3hsd+1kP2cF2J

Whats the severance package/timeline for the folks who were laid off in Mountain View?

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Post ID: @2pjq+1kP2cF2J

Hopefully they got rid of some of the top level management who are mostly clueless and don’t know how to even manage or motivate the people who are doing the actual work.

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Post ID: @2esx+1kP2cF2J

Layoffs are done. Target was in the single digits percentage, but actual percentage is less than the target. In terms of number, it’s less than 500. layoffs were worldwide, not just North America.

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Post ID: @2qiz+1kP2cF2J

Does anyone know the total number of layoff this time?

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Post ID: @1eeu+1kP2cF2J

How many AEs in verification? Location?

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Post ID: @1vwk+1kP2cF2J

Layoff is definitely happening at Synopsys this week.
Some R&D engineers are affected.
This coming Friday is going to be the last day for them.

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Post ID: @wyc+1kP2cF2J

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