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The software company uses what it calls the Bungee Program to build diverse teams to collaborate on major projects for fixed lengths of time. The goal is to maximize original ideas, challenge employees beyond what they already know, and strengthen internal networking among disciplines. Since 51 percent of all employees are minorities and 85 percent of all jobs are technical positions, Cadence has a university scholarship program and, for those further along in their career, a new “returnship” program to bolster opportunities for women in tech. “There are a lot of different people here in terms of culture, race, and gender,” says one employee. “If the world looked like this, it would be a better place.”

Read the Great Place to Work review.

Company Info

Employees and job openings are U.S.-only.
Rank last year73
Years on list
6
HQ location
San Jose, Calif.
Employees3,024
Job openings (as of February 2020)255
Industry
Electronics
Revenue, 2019 or most recent year ($M)$2,336
Year founded
1988
Type of organization
Public
Number of work sites9
Websitehttps://www.cadence.com

Perks

100% health coverage
no
Unlimited sick days
yes
Telecommuting
yes
Job sharing
no
Subsidized childcare
no
Compressed work weeks
no
Fully-paid sabbaticals
no
On-site fitness/subsidized gym
yes
On-site medical care facility
yes
Non-discrimination policy includes sexual orientation
yes
Health insurance for part-timers
yes
Sick days for part-timers
yes
College tuition reimbursement
yes
Student loan debt repayment
yes
Medical facility at all locations
no

Diversity

% Women20.4%
% Minorities50.5%
% African-American/Black0.9%
% Asian46.7%
% Caucasian/White36.4%
% Hispanic/Latino2.2%
% Native American/Alaska Native0.1%
% Native Hawaiian/Pacific Islander0.1%
% Two or more races0.6%
% Unknown ethnicity13.1%
Date info provided
Aug. 28, 2019

Paid Time Off

PTO limit (days)15
# Sick days
Unlimited

Compensation

Most common job (for salaried employee)-
Avg. base pay (salaried)-
Avg. extra compensation (salaried)-
Total pay for most common job (salaried)-

Hiring/Staffing (Past 12 Months)

Full-time and part-time job growth-
# of job applicants21,729
Avg. # of applicants per opening29
# New graduates hired67