Thread regarding Synopsys Inc. layoffs

Layoffs definitely happening tomorrow?

If that’s the case, good luck to all of us.


by
| 8792 views | | 24 replies (last November 12) | Reply
Post ID: @OP+1k9tm8n4g

24 replies (most recent on top)

Check PolicyTech the current severance package shows 2 weeks pay per year of service, maximum of 6 months pay, minimum 4 weeks pay. Not sure if they’ll base the package on this as it’s the Ansys policy.

by
| | Reply
Post ID: @dc+1k9tm8n4g

@d9 The SEC filing says 2000 instead of 3000.

by
| | Reply
Post ID: @db+1k9tm8n4g

@d9 I doubt it, probably pay for the next 3 months

by
| | Reply
Post ID: @da+1k9tm8n4g

@d2
$300 million cost in layoff package divided by 3000 employees is 100k per employee. Is the layoff package this much?

by
| | Reply
Post ID: @d9+1k9tm8n4g

@cr I was laid off from the Ansys side, and im located in Canada

by
| | Reply
Post ID: @d6+1k9tm8n4g

@d4 India? Taiwan? China? Which region?

by
| | Reply
Post ID: @d5+1k9tm8n4g

@d1 Many people laid of in Asia

by
| | Reply
Post ID: @d4+1k9tm8n4g

Synopsys has done an SEC filing today that confirms the 10% layoffs, that it will extend to end of FY2027, and that it will cost them up to $350 million

by
| | Reply
Post ID: @d2+1k9tm8n4g

Is this all classic synopsys or legacy ansys that are getting the email?

by
| | Reply
Post ID: @d1+1k9tm8n4g

Happy Holidays, right?

by
| | Reply
Post ID: @cx+1k9tm8n4g

@OP it was two skip level manager, and meeting was titled 1:1, and it was early in the morning - I don't know if revealing names and depts are a good idea rn, I don't want to burn bridges away

by
| | Reply
Post ID: @cv+1k9tm8n4g

@cr was it your direct manager or skip level manager ?

by
| | Reply
Post ID: @ct+1k9tm8n4g

@cr which team and department?

by
| | Reply
Post ID: @cs+1k9tm8n4g

@OP I had a 1:1 with a higher up just now and was let go, can confirm.
Still waiting on severence and more details.

by
| | Reply
Post ID: @cr+1k9tm8n4g

@cj layoffs definitely happening. Confirmed.

by
| | Reply
Post ID: @cp+1k9tm8n4g

started today, confirmed.

by
| | Reply
Post ID: @cn+1k9tm8n4g

@ch confirmed what , could you please elaborate, much appreciated

by
| | Reply
Post ID: @cj+1k9tm8n4g

Confirmed.

by
| | Reply
Post ID: @ch+1k9tm8n4g

@cf if you have a random meeting with your manager, especially if they invited HR, bad news. Otherwise you made it through this round. There will be multiple rounds.

by
| | Reply
Post ID: @cg+1k9tm8n4g

please anyone got any confirmed news, do share it here...lots of anxiety.

by
| | Reply
Post ID: @cf+1k9tm8n4g

Amazing

by
| | Reply
Post ID: @c7+1k9tm8n4g

anyone else, please shed some light on this

by
| | Reply
Post ID: @bg+1k9tm8n4g

looks like it.. my manager cancelled all 1-1 meetings for 2 months and tomorrow I have got one. Hope for the best. Let's not assume anything

by
| | Reply
Post ID: @ar+1k9tm8n4g

Looks like it. Some colleagues have 1-1 meetings with their managers tomorrow. I do not see any in my calendar yet but I don’t want to assume anything

by
| | Reply
Post ID: @ae+1k9tm8n4g

Post a reply

: