As a dark economic cloud settles over Silicon Valley, yet another giant tech firm has announced thousands of layoffs.

Synopsys, a large tech company that supplies services to the semiconductor industry, seems to have signaled over 2,000 layoffs, SFGate reports , citing a recently filed SEC document . The document states:

On November 9, 2025, the Board of Directors of Synopsys, Inc. (“Synopsys”) approved a restructuring plan that is expected to result in the termination of approximately 10% of Synopsys’ workforce as of fiscal 2025 year-end (the “Restructuring Plan”).

SFGate reports that, as of the end of fiscal year 2024, Synopsys had about 20,000 employees (the company’s website actually claims it has 28,000)—hence the 2,000 figure. The layoffs did not come out of nowhere, howev

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