Synopsys cuts more than 100 Bay Area jobs as tech layoffs widen
Synopsys has joined the widening waves of tech company layoffs by revealing plans to eliminate more than 100 Bay Area jobs.
MOUNTAIN VIEW — Synopsys has joined the widening waves of tech company layoffs by disclosing plans to slash more than 100 jobs in the Bay Area.
The provider of software to help design semiconductors has told the state’s labor agency that it had decided to conduct layoffs that would terminate the jobs of workers in Mountain View and Sunnyvale.
“Synopsys will be conducting a layoff in California, including 102 employees from its location at 102 East Middlefield Road in Mountain View and our Sunnyvale locations,” Niko Meadors, director of HRPB and employee relations with Synopsys, stated in a WARN notice it sent to the Employment Development Department.
The layoffs were slated to become effective on March 31, Synopsys said in the letter to the state EDD.
“This action is expected to be permanent,” Synopsys stated in the WARN notice.
The vast majority of employees affected by the job cuts are tech engineers, designers and software specialists, the company’s filing with the EDD shows.
“Further bumping rights do not exist,” Synopsys stated. “There are no unions representing the affected employees.”
Amazon has said it plans to cut 18,000 workers worldwide and has decided to eliminate several hundred jobs in the Bay Area. Microsoft said it was eliminating 10,000 workers globally. And Hewlett-Packard said it planned to chop 4,000 to 6,000 jobs over the next three years.
Facebook app owner Meta Platforms, Google, Cepheid, Twitter, Salesforce, Cisco Systems, Amazon, Lyft, Oracle America, Intel, Doordash, Argo AI, Zymbergen, PayPal, Roku and Rivian Automotive are among the high-profile tech and biotech companies that have disclosed or carried out plans to eliminate jobs in the Bay Area.
Tech companies have launched job cuts as part of what appear to be broader moves to recalibrate their workforces in the wake of the pandemic.
Multiple tech executives, including top bosses with Google owner Alphabet and Facebook app owner Meta Platforms, stated that they hired workers in big numbers to meet what was at that time a surge in demand for tech services and tech products as more people sought to work remotely.
After the economic dislocations spawned by the coronavirus diminished, tech companies found that demand for their services and products began to fade. The shrinking demand prodded tech leaders to chop workers and spending.