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Synopsys logoSynopsys SNPS

Synopsys said its Board of Directors approved a restructuring plan on November 9, 2025, under which approximately 10% of its workforce is expected to be terminated as of the end of fiscal 2025.

8-KCosts Associated with Exit or Disposal ActivitiesFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Synopsys said its Board of Directors approved a restructuring plan on November 9, 2025, under which approximately 10% of its workforce is expected to be terminated as of the end of fiscal 2025.

  2. The company explained that the restructuring will allow it to invest in key growth opportunities and drive business efficiencies following the completion of its acquisition of ANSYS, Inc.

  3. Synopsys currently estimates that pre-tax GAAP charges will range from $300 million to $350 million, consisting of severance and other one-time termination benefits and other costs such as certain site closures as part of its global site strategy.

  4. The company said it expects a majority of the workforce reductions to occur in fiscal 2026 and the restructuring plan to be substantially completed by the end of fiscal 2027, subject to local law and consultation requirements.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Board Approves Restructuring Plan on November 9, 2025

Synopsys said its Board of Directors approved a restructuring plan on November 9, 2025, under which approximately 10% of its workforce is expected to be terminated as of the end of fiscal 2025.

Source · Based on the filing body and exhibits

Company's Stated Purpose of Restructuring

The company explained that the restructuring will allow it to invest in key growth opportunities and drive business efficiencies following the completion of its acquisition of ANSYS, Inc.

Source · Based on the filing body and exhibits

Pre-Tax Charges Estimated at $300 million to $350 million

Synopsys currently estimates that pre-tax GAAP charges will range from $300 million to $350 million, consisting of severance and other one-time termination benefits and other costs such as certain site closures as part of its global site strategy.

Source · Based on the filing body and exhibits

Workforce Reduction Timing and Completion Target

The company said it expects a majority of the workforce reductions to occur in fiscal 2026 and the restructuring plan to be substantially completed by the end of fiscal 2027, subject to local law and consultation requirements.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.