There are newer employer reviews for Magma Design

Hectic work, company small enough that you can make a difference, NO respect for employees

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

I worked at Magma Design

Pros

- It's small enough you can make a difference
- good career growth if you can fight you way up (small company but lots of politics)
- good pay (but bonus is pretty much not funded)
- aggressive CEO is a plus (but also a minus...)

Cons

- Magma used to have an edge, now lost with the top engineers gone
- lots of work, long hours, changing target every quarter
- If you are an engineer in the US, chance is that you will be eventually outsourced to India.
- the CEO, Rajeev Madhavan, runs the company like it belongs to him. He made a lots of strategic mistake, acquiring companies w/o any business outlook, disregarding feedback from tech-savvy people, wasting a few $100M's that would have been better invested in Magma's R&D. His authority is not balanced by the board that he has in his pocket. Rajeev is a crook keeping the company afloat thanks to his "charm".
- the senior exec level's main job is to deflect issues onto their subordinates so that they can keep their well-paid jobs
- lots of layoffs, threatening environment, no ethical culture, employees treated like meat, therefore there is zero loyalty to the company

Advice to ManagementAdvice

- replace senior execs!
- respect employees
- discounting tools will only slow down Magma's death, and hurts EDA as a whole. Innovate!
- Magms's bread-and-butter is still P&R, move the whole thing in India to cut cost
- invest in high-flying engineer talents in US and India to design innovative tools and solutions

Disapproves of CEO
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  1. Employer Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Member of Technical Staff in San Jose, CA
    Current Employee - Member of Technical Staff in San Jose, CA

    I have been working at Magma Design

    Pros

    Flexibility in location of work, fellow employees help each other most of the time, management keeps employees informed of activities in the company

    Cons

    Nothing as such wrong with the company but it faces tough competition and has challenges in keeping its accounting books showing profits

    Advice to ManagementAdvice

    Retain the good employees, enough layoffs done over past 3 years, if something needs restructure then that is the management levels

    Recommends
    Approves of CEO
  2. No Comment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - No Comment in Austin, TX
    Current Employee - No Comment in Austin, TX

    I have been working at Magma Design

    Pros

    Small, fast decision making, great opportunity to influence the company direction

    Cons

    To concentrated in San Jose. Small, in tough economy could be risky

    Advice to ManagementAdvice

    No Comment

    No opinion of CEO
There are newer employer reviews for Magma Design

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