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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
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    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