Cadence Design Systems
RANK
38
Celebrating its eighth year on the list, software and electronic design company Cadence is prioritizing diversity with the introduction of five new inclusion groups for Black, Latinx, and LGBTQ+ employees, as well as veterans and women. The company has also helped its employees thrive in a virtual environment by creating manager training and toolkits to help leaders navigate remote work. Cadence offers additional health coverage for transgender employees, as well as resources for staff who have a child in their family with a developmental disability. Beyond these extra forms of support, the company has also prioritized compensation: In the past three years, Cadence has reached pay parity based on race and ethnicity in the U.S. and gender globally. On top of that, the company has doled out more than $10 million in peer-to-peer recognition awards since 2016.
Read the Great Place to Work review.
Courtesy of Cadence
Company Information
As of 5/23/2022
Country
U.S.
Headquarters
San Jose
Industry
Computer Software
CEO
Anirudh Devgan
Website
Company Type
Public
Ticker
CDNS
Revenues ($M)
$2,988.2
Profits ($M)
$696
Market Value ($M)
$45,781.7
Employees
9,298
Market value as of March 31, 2022.
Best Companies
Rank last year
65
Years on list
8
Employees (as of March 2022)
3,016
Job openings (as of March 2022)
286
Year founded
1988
Employees and job openings are U.S.-only.
PerksAs of 8/3/2021
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
no
Non-discrimination policy includes sexual orientation
yes
Sick days for part-timers
yes
College tuition reimbursement
yes
Student loan debt repayment
no
Medical facility at all locations
-
DiversityAs of 8/3/2021
% Women
21.1%
% Minorities
53.6%
% African-American/Black
-
% Asian
-
% Caucasian/White
-
% Hispanic/Latino
-
% Native American/Alaska Native
-
% Native Hawaiian/Pacific Islander
-
% Two or more races
-
% Unknown ethnicity
-
Paid Time Off: Full-Time EmployeesAs of 8/3/2021
PTO limit (days)
-
# Sick days
unlimited
Hiring/Staffing (Past 12 Months)
# of job applicants
44,028
Avg. # of applicants per opening
50
# New graduates hired
401
