Magma Design

  www.magma-da.com
  www.magma-da.com

Magma Design Reviews

43 Reviews
3.1
43 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Magma Design Chairman and CEO Rajeev Madhavan
Rajeev Madhavan
28 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good place to work as an Engineer

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

    I have been working at Magma Design

    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.

    Approves of CEO
  2.  

    Excellent place to work

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

    I have been working at Magma Design

    Pros

    Lack of politics, merit oriented company

    Cons

    Medium sized company in a competitive industry

    Recommends
    Approves of CEO
  3.  

    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
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    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
  6.  

    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
  7. 1 person found this helpful  

    Chaotic

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

    I have been working at Magma Design

    Pros

    Magma has many high quality employees, and is very flexible on working style. And it has some good technology, and there is a tradition of reacting quickly to customer needs.

    Cons

    Senior management lacks vision, and seeks short term gains without a strategic plan. Loyalty is not valued even with talented employees. The company lacks a culture, and has struggled in its core product areas for years.

    Advice to ManagementAdvice

    Replace senior management, and bring long term focus for success. Stop launching new products without a complete plan, and stop over committing and under delivering.

    Doesn't Recommend
    Disapproves of CEO
  8.  

    Good place to learn and a good environment

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

    I have been working at Magma Design

    Pros

    The people are great to work with and learn from.

    Cons

    Silent performers are not rewarded, one has to be in the lime light to gain recognition.
    Salaries can vary hugely amongst same level co-workers based on no good reason.

    Advice to ManagementAdvice

    Employee retention should be given its due importance by means of competitive compensation amongst other things such as improving employee benefits.

    Recommends
    No opinion of CEO
  9.  

    If you dont mind slogging, best technology place to work in EDA..

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Field Applications Engineer in San Jose, CA
    Current Employee - Senior Field Applications Engineer in San Jose, CA

    I have been working at Magma Design

    Pros

    Exciting technology, top notch talent pool and good knowledge sharing

    Cons

    u have to slog a lot

    Advice to ManagementAdvice

    identify potential leaders and groom them, was very ambitious and expanded into too many areas too fast..should have better vision and execution strategy...

    Approves of CEO
  10. 1 person found this helpful  

    MAGMA MAGMA MAGAM...think 100 times before joinign it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Applications Engineer in Austin, TX
    Current Employee - Senior Applications Engineer in Austin, TX

    I have been working at Magma Design

    Pros

    If you want to spare few months without doing work and wwant to spoil your career, just go and join MAGMA. I seriously see no useage of joining this organisation where there is completely dark inside. haunted place to be work in. Horrible horribkle

    Cons

    1. No raod map
    2. No information to employee when will the be laid off
    3. After salary reduction they layoff so killing ppl taking their all body parts out.
    4. If people does not work they are not aksed to work. But whwo works are aksed to threaten them by laying them off

    Advice to ManagementAdvice

    1. Please make some trust with employess.

    Doesn't Recommend
    Disapproves of CEO
  11.  

    Magma, it's been nice knowing you

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Product Engineer in Austin, TX
    Former Employee - Senior Product Engineer in Austin, TX

    I worked at Magma Design

    Pros

    Nice people to work with. The say to day environment was outstanding. The pay rates were actually pretty good, unless you were on a commission sales plan, then it might have been tough.

    Cons

    They have destroyed the EDA market with slash and burn pricing, and they are really feeling the pain right now. The management does not have a good idea or plan to improve the situation, the employees are so demotivated the only reason they show up is to keep benefits and hope that something better will come along.

    Advice to ManagementAdvice

    Resign and let someone who knows what they are doing try to turn this around. You have tried it your way for 10 years, and it has not exactly worked out. It was profitable in the short term, and everyone who was smart sold their options when the time was right, but now that the market is destroyed, no one will give you good value for your products ever again.

    Doesn't Recommend
    Disapproves of CEO

Work at Magma Design? Share Your Experiences

Magma Design

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.