Sunnyvale, California-based Synopsys, a supplier of tools and services to the semiconductor design and manufacturing industry, has announced a post-merged 10% reduction in force after it acquired Canonsburg, Pennsylvania-based Ansys.
The reduction in force will impact 2,000+ employees across R&D, legal, data science, IT support, accounting, and administration services.
According to a company spokesperson, "The targeted steps are meant to accelerate our strategy and capitalize on the highest-growth opportunities, resulting in a smaller eventual workforce. We do not take these measures lightly and are committed to treating impacted employees with respect and providing support through the transition.”
Change is constant, and it is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?