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Cadence Design Systems Reviews

334 Reviews
3.4
334 Reviews
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Cadence Design Systems President and CEO Lip-Bu Tan
Lip-Bu Tan
144 Ratings
  1. 5 people found this helpful  

    Some Good, Some Bad, and Some Ugly.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  San Jose, CA
    Current Employee - Anonymous Employee in San Jose, CA

    I have been working at Cadence Design Systems full-time for more than 10 years

    Pros

    -Executive Team means well, tries hard, and has succeeded in turning the company around in revenue, customer gains, and industry perception. (with the help of very hard-working employees.)
    -Decent base salary, if you are an engineer or manager/director/VP. (Not so much in non-revenue producing areas, such as IT, HR, RE, etc.)
    -Rewards and Recognition system that makes it easy to reward your fellow employees for outstanding work. (although, with a fairly small dollar amount.)
    -#2 in industry market, with definite possibility of regaining #1 spot. (albeit out of only 3 main players.)
    -Stock price has consistently risen in recent years.
    -Conveniently located in North SJ near many major freeways.
    -Plenty of parking.

    Cons

    -Top-layer-heavy. Lots of managers, directors, and VP's. Not enough actual "doers".
    -Hiring from outside for management positions rather than promoting from within.
    -Recently changed bonus plan structure so that doing a good job and achieving your goals in helping the company succeed will only get you 70-90% of your target bonus amount. To get 100%, you need to exceed them.
    -Mandatory vacation periods ("shutdowns" where the company is not actually shut down.)
    -Company does not subsidize cafeteria or breakroom, so meals and snacks are expensive.
    -Fitness center is old and worn, even though company charges employees $20/mo to use it.
    -Not very "green".
    -Cost-cutting is job one.
    -C-level push for "Top 100 Best Place to Work" status, without actually doing anything to make it one.

    Advice to ManagementAdvice

    If you want to be a 100 Best Place to Work, then BE a 100 Best Place to Work. (Simply asking the employees to fill out surveys is not good enough.) :
    -Subsidize the cafeteria so employees do not pay $10 or more for lunch.
    -Improve the break rooms to provide healthy choices in the vending machines, and price them AT COST. The break rooms should not be revenue centers. (Why can I buy a bottle of water at Costco for 50c, and it costs me $1.25 at work?)
    -Stop charging a fee for the fitness center. You should be promoting healthy behavior. It saves the company money by having fewer sick days, and also lowers health insurance costs. (If you are going to charge for it, then refresh and modernize it.)
    -Stop charging a fee to use the electric vehicle charging stations. You should be promoting responsible environmental behavior among your employees, not making money from those who do.
    -Stop viewing cost-cutting as the primary metric of success. The company is growing.
    -End the forced vacation period policy.

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