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There are newer employer reviews for Magma Design

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Good place to work as an Engineer

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

Pros

As an Engineer, Magma is a good place to work. Adequate challenges and it's a complex piece of software. Lots of scope to become a good coder.

Cons

EDA as such is not booming. So, don't expect too much growth. Fourth in the field, so there's constant pressure to perform.

Other Employee Reviews for Magma Design

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

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

    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 Management

    - 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


  2. Employer Review

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

    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 Management

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


There are newer employer reviews for Magma Design
There are newer employer reviews for Magma Design

See Most Recent

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