Thread regarding Synopsys Inc. layoffs

@jz Are you on the Ansys side or Synopsys side?

As a hiring manager in India looking to hire in a current open position, we have been explicitly told from above not to fill in the position for now and let open job postings as they are currently. Only very critical roles which are defined by business needs affecting revenue can be filled. It’s been this way for the entire last month and we haven’t been told when we can fill up the positions. Even to get the position opened up the first placed needed massive levels of business justification. Plus, attrition is higher in India than other countries, which creates a big problem in terms of workload management for us (not to mention the bloodbath of a layoff that happened). My manager informed that perhaps from Q2 of the next financial year, things may return to normal again but it’s all his guess. It’s sad because I already interviewed some brilliant candidates yet cannot extend an offer. I don’t really see the point of leaving the job postings open if we aren’t allowed to fill them. Have spent a bit more than 12 years at Synopsys, it’s just sad to see this behaviour. I loved this company sometime ago but all I’ve experienced ever since the current CEO took over is just misery.

methinks that whitecollar Mr Elliott dude might also have a hand in all this, besides the sass

@g5 Based on the approval rating in the recent survey, Sassine must have realized that his time in the position may be short. The best way to maximize the company’s stock price in the short term is to cut costs as quickly as possible. As a result, anything that requires significant spending—even if it could generate several times the return in the long run—has to be stopped.

@OP You are in a very profitable BU. Do you get extra profit in terms of bonus, ISU, or whatever forms?

Don't y'all understand ?
The goal is to drastically reduce costs and overhead in the short term so that the finance numbers look good for next quarter; bump up the stock price so that all those juicy stock options that Sassine holds give him an extra million or two; then bail.

Your career is ruined and your buddies lose their job - why do you think that even enters His head. He don't care.

What about UK?

@cc Where are you located?

@b2 Heads up — my BU just rolled out a new policy: attrition-driven open seats no longer get automatic backfill approval. Now you need to run the gauntlet of approval justifications… and apparently donate a kidney and your firstborn while you’re at it to get a seat filled with a warm body.

Salut mes amis... there is a more or less hiring freeze across all of EMEA in place since a few weeks. All new reqs are on hold, no refills, everything need special double/triple justification, yada yada.
Haven't heard of it being permanent, though... then again, what is, in this company? Agreed that France, Germany, Italy, Spain, NL, UK and the Nordics powerhouse customers are too big to not be served well anymore.
Next months will be tough ride, again.
Hoping for a new corp leadership team.

@an Not OP but another manager in France. With regards to France, I’ve also heard that for future hirings in the EMEA region, they would be only doing it in Spain, even when it comes to replacing French departures. And France does differ from other countries, since our historic number in terms of job openings were pretty high, just as OP says, we are the third largest Ansys presence, in terms of countries.

It's not just France, we only replace departures here in Canada.

A quick search shows France doesn’t appear much different from other countries in terms of open positions — two jobs were posted last week, totaling four open reqs. Unfortunately, I suspect there’s an undisclosed company-wide hiring freeze.