Synopsys to cut about 10% of its workforce

The headquarters of Synopsys Inc., in Sunnyvale, California, U.S., October 23, 2024. REUTERS/Stephen Nellis

(Reuters) -Synopsys will lay off about 10% of its workforce as the chip-design software maker looks to redirect investment towards key growth opportunities, according to a regulatory filing on Wednesday.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Anil D'Silva)