Who do you think would be impacted? Majorly Ansys employees? Or What groups?
45 replies (most recent on top)
@f4 You are absolutely right. Remember SG saying in the meeting "healthy companies do this". Um, no, they don't. Ansys was doing really great. I think synopsys bit off more than they can handle. Would have been smarter to leave Ansys alone and let them do their thing. ansys has been breaking records quarter after quarter, and no will tank thanks to synopsys. Stupid.
@14n after divesting SIG to “focus on their core business” …
@1v0 Exactly right. Ansys is an B2B engineering firm, just like a handyman tool manufacturer. Ajei and Nicole tried to sell it as an B2C tech firm as they rolled out the notion of Pervasive Insight. It's a total failure. The same for Synopsys, Milwaukee handyman tool company for semiconductor industry, that's about all, but they try to pretend they are apple or Google. What a joke.
@fr more people need to see it this way. Ajei is elevated by his cult as if he was some savant who built this company from scratch in a garage. His era was all about acquisitions and beefing up sales/marketing to prep the bride for Synopsys to take. All these people love him because he was 'great for the stock price', and he did just that. Now the same stock price is playing against them.
@1e0 in our meeting, our brown nosed joke of a big boss, passed message that Ansys wlll have job cuts, but it will be lower relative to Synopsys - not sure about legal, sales, hr etc, our team is technical :/
@1hp hope you found something better than synopsys, What severance does synopsys pays, im from Ansys , trying to figure out how bad it’ll be.
Synopsys conducted layoff quietly exactly a year ago this coming Monday. 2/5 US based employees on my team (including me) were affected. It was the second layoff in my only 2.5 years there in EDAG. Shortest R&D tenure were targeted first.
It’s a rough market for software right now. I highly recommend to start on Leetcode and System design. The interviews are harder than ever.
@1e0 not yet, meeting is tomorrow, I'll share once I know more
@1bb Synopsys missed the results but not ansys. Even Ansys has exposure to china. Evne todays China ban on Nvidia products news didnt make nvidia drop much, but snps dropped as if itll bankrupt.
@1c3 any update on the meeting?
Our big boss - who is a massive brown nosed joke of an excuse, just organized a meeting with our team. Allegedly to answer questions following the craziness from last week - I'll share when I find out more
I don’t know why you goofs are blaming each other for the acquisition – like Ansys is a stupid company or Synopsys is a stupid company – y’all muthafudgers are the same to management, disposable lil dust bags. So just breathe and think: the money-hungry, gaping-butt wa-kers who get soft at the thought of losing profits are at fault here. I bet Aajei and Sassine spend the day texting each other, wearing their lil hot pink dresses and admiring each other’s stinkies. Meanwhile, average Joes like us are left behind, wondering how to stay happy while not fudging each other over.
@OP
I challenge anyone to find 3 contiguous sentences from Synopsys leaders that don’t have the word ‘chip’ or ‘semiconductor’ or ‘silicon’ in them.
These guys have an incredibly simplistic view of the world and have no chance leading a non electrics company.
Who wants aart back at Synopsys? If he was at the helm of Synopsys they would have never bought a stupid company like Ansys…. Their entire software is a fraud…. One of the worst customer service ever… no real updates ever and just some gui makeup’s in every release… no wonder why everyone loves their CEO ajei because he gives them no work and hires contractors to upgrade the GUI…. Synopsys brought it upon itself by acquiring such a stupid company and mediocre workforce…. Sad for all geniuses at Synopsys who may be sent away….
I’d have happily stayed with Andy’s until retirement (and I’m in my 30s), but instead I’m updating my resume and spending my workdays looking for something better. In just a few weeks, Synopsys ki-led morale, and absolutely any desire I had to stick it out. Tell you something else, working in a multinational company will certainly test how you feel about people, not unlike riding a city bus, but this has confirmed something I’ve felt in my gut for decades. White, black, or brown, rich people are all pieces of sh-t. Ajei for leaving us in this mess to collect his big pay out, and the new guy for smiling at us while telling us relegating 10% of the workforce to unemployment is healthy.
Ansys was a great company with a positive corporate culture, filled with brilliant minds. For all our hard work, Ajei sold us up the river so we could treated like trash by some megacorp. He is 100% complicit in this disaster and is probably happily golfing with Sassine right now.
@14n They didnt make even a single remark about Ansys products other than redhawk/toem/sherlock... Theyll just fleece the other products without any investment for a while before selling themoff.
@140 I actually think its the other way. I think they acquired Ansys to diversify their portfolio and not have this situation where one single sector could affect their entire company. That also makes me think this layoff would be Synopsys heavy in terms of R&D teams but would be more auxiliary teams heavy for Ansys.
It was never clear how a bunch of arrow view chip makers were going to drive a massively broad software maker like Ansys. It would be like McDonalds acquiring Microsoft. Full on non-sequiter.
The only thing that makes sense is to carve out the chip making physics simulation products and sell everything else or just dissolve them completely.
@sx I agree. This acquisition is the worst thing for ANSYS. I even thought we will be beated by abaqus after we get merged.
@fd+1k4r879jw Who is preparing layoffs for 18 Months Ansys or Synopsys ? Will the layoffs be mostly in USA?
Only Sydney Sweeny can save Synopsys falling stocks.
Ansys was built by some of the smartest engineers in the industry — 6,000 employees driving $3B in revenue and commanding nearly 50% market share in our domain. We didn’t need to be swallowed by a bloated mega-giant like Synopsys. Its a stupid company with 20k employees with just 6 billion revenue. This acquisition destroyed the whole morale of the Ansys Family. We didn’t had layoffs never heard of such in Ansys culture
@fd Hi, so are Synopsys employees in China the main target for layoff?
@hr Don't you hear what SG just said this morning, this trim has already been planned 18 months ago??? You really believe he is not part of the game?
@hr sure, poor Ajei must be so heartbroken, lets all collectively feel bad for the b-m whose net worth prolly shot up by over 100 million after the acquisition; delusion at the highest level, have the blind feel bad for the people with eyes
@fr You are way wrong as I know Ajei on a personal level. He was heartbroken about this and tried everything in his power to stop it. He was the most caring CEO you could ever imagine. He cared about Ansys not money trust me as I have spent a lot of time with him.
Every time I hear these management wu-sies talk, I think, how disconnected can you brain-dead farts possibly be? By all means, milk the cow, but don’t ki-l it. With morale dwindling and people working only to cover their backs instead of feeling secure, I can’t wait to see this tower collapse. Engineers are overworked, underpaid, expected to run learning sessions, talk to customers, train juniors, fix bugs, stay optimistic, act like leaders, keep learning, and so on. Meanwhile, management rakes in massive $$, sits on their butts, su-king their toes, consoling each other that cutting jobs is “for the greater good.” Absolute sc-m
Sassine Gandu hai
@db I think Ajei was the one who promoted and executed this transaction in the first place. I don't understand the point of missing him. He got his huge bonus to make this happen, and now he has comfortably transitioned himself as one key member of Synopsys' board, who approved this mass layoff operation.
Jay, thanks for the question. As you can imagine, with an 18 months regulatory process, we were somewhat limited in terms of our ability to take actions on either portfolio or headcount adjustments. So, the 10% headcount adjustment is something we would have done, and we've been planning for it for a while. Even before the acquisition was approved, we prepared to act carefully and thoughtfully, targeting where to make that reduction.
Watch how upper management tries to sugarcoat this in the coming days. The message will be: we’re a team, we have to do this together, but don’t worry, we’re safe, just keep working hard. Meanwhile, behind the scenes, they’re sharpening the kn--e to cut down teams. Make no mistake: they have absolutely zero loyalty to any of us
@ct I am also from Ansys. We just know the layoffs from email. Before this, all managers assume we are not affected because Mechanical is totally in a separate software other that EDA tools. We are hiring people just a few weeks ago. So bad to hear the news.
Management sold stocks few days ago. Just have a look at insiders.
There should be deep analysis to understand if they were allowed to make lot of money knowing they will lay off lot of people.
And don't think only Ansys will be affected.
Already some Synopsoids know they are fired next weeks.
Sassine needs to step down, 35% fall is a disaster
No
Ajei was most likely privy to all this, upper management all know what an acquisition of this scale entails, everyone make sure you have your bases covered and have other opportunities lined up, welcome to the world of corporate greed
This is going to be interesting to say the least.
Given the associated drop in stock price / S&P 500 positioning I am wondering what the future of Synopsys (and Ansys) is going to be.
@ct I wholeheartedly agree to this. I miss Ajei already.
I am interested in knowing what severance package Synopsys offers to regular full time employees. I heard executives have very good severance packages