Thread regarding Synopsys Inc. layoffs

Company announcing restructuring - people laid off 6/12/23

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| 3771 views | | 5 replies (last June 22, 2023) | Reply
Post ID: @OP+1n6SXRZW

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An entire team was laid off in SG on Mid June at Sunnyvale office.

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Post ID: @9juc+1n6SXRZW

Another bit of info from my colleagues who were unaffected:

  • In one team where a recently hired engineer quit for unrelated reasons, this allowed them to evade involuntary layoffs of other people.
  • Budget for events is being reduced.

My conclusion is that indeed they want to save money in SG, rather than use it merely as a pretext to lay off whomever they label as "slackers".

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Post ID: @6phd+1n6SXRZW

At least, probably others too: Portugal, Armenia, Poland. I know of Solutions Group. Apparently they take place in small batches each month. Target is 2-3% based on worst performance reviews of last 2 years.

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Post ID: @3xyz+1n6SXRZW

What location?

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Post ID: @3uqo+1n6SXRZW

It happens to the sitting ducks who are comfortable collecting RSUs and a pat on their back until the time comes they’re not needed. It’s great people are seeing what’s happening and leaving on their own.
Few people I know were let go, one of them have been there over 20 years, hopefully he got a golden handshake and a good package, most importantly he has the skills to land a new job.

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Post ID: @2ulu+1n6SXRZW

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