IC Design just got hit with 7%. They threw in a few names from Hyderabad to make it seem like it's global but overwhelming majority is US-based. Officially, these random cuts aren't layoffs but "changing strategies and priorities". I heard similar cuts happened to other teams already in 2025.
Make no mistake, executives have been talking about opex and efficiency every townhall. I am guessing they decided quiet layoffs are better than another big round like late 2023. That's fine, we can counter quiet layoffs with quiet quitting.