09:58 AM EST, 11/12/2025 (MT Newswires) -- Synopsys ( SNPS ) said in a regulatory filing Wednesday its board has approved a restructuring plan that will lead to the termination of about 10% of the company's workforce.

Synopsys ( SNPS ) said it expects to recognize pre-tax charges to its GAAP financial results of between $300 million and $350 million for severance and other one-time termination benefits and other costs like site closures.

Most of the workforce cuts will occur in fiscal 2026 and the restructuring plan is expected to be substantially completed by the end of fiscal year 2027, Synopsys ( SNPS ) said.

The restructuring will allow Synopsys ( SNPS ) to invest in growth opportunities and create business efficiencies following the completion its acquisition of Ansys, the company said.

Synopsys ( SNPS ) shares were 0.9% higher in recent trading.

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