Cadence Named by Fortune and Great Place to Work as One of the 2019 Fortune 100 Best Companies to Work For
SAN JOSE, Calif.--(BUSINESS WIRE)--Feb 14, 2019--Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced that Fortune and global research and consulting firm Great Place to Work ® have named Cadence #73 on the 2019 Fortune “100 Best Companies to Work For ® ” list. This is the fifth consecutive year that Cadence has been included on the list. The inclusion of Cadence on this list reflects its dynamic and inclusive company culture, where employees are passionate about creating innovative technology and driving customer success.
For more information on the Cadence 2019 Fortune 100 Best Companies to Work For recognition, please visit http://fortune.com/best-companies/cadence-design-systems/.
“Building a high-performing culture has been a priority since I joined Cadence in 2009, and it’s an honor to be recognized for our strong culture for a fifth year in a row,” said Lip-Bu Tan, CEO of Cadence. “Over our 30-year history, Cadence employees have driven our success by solving the world’s toughest technological challenges and demonstrating their unwavering commitment to our customers. By tackling transformative trends such as machine learning, we’re continuing to fuel our high-performance culture and enabling customers to develop the most innovative solutions.”
The 100 Best Companies is one of a series of rankings by Great Place to Work and Fortune based on employee feedback from Great Place to Work-Certified ™ organizations. Cadence was also ranked as a Best Workplace in the Bay Area and as a Best Workplace for Giving Back by Great Place to Work and Fortune.
Additionally, Cadence has been recognized as a Great Place to Work in a number of regions around the world including Brazil (Minas Gerais), Canada, Europe (overall), France, Germany, Greater China, India, Ireland, Italy, Korea, Poland and the United Kingdom. As a result of these achievements, Cadence was ranked as number 15 on the 2018 list of the World’s Best Multinational Workplaces last October.
This year marks the 22 nd anniversary of the Fortune “100 Best Companies to Work For” list, and the 2019 winners continue to show that a high-trust culture for all fuels better business results. Great Place to Work research shows that list winners keep outperforming the stock market, beating industry rivals when it comes to talent retention and demonstrating higher levels of productivity than peers.
The list is based on survey feedback representing more than 4.3 million employees, with respondents rating their workplace culture on 60-plus elements of the workplace. These include trust in managers, compensation, fairness, camaraderie and workplace traits linked to innovation. The ranking accounted for the experiences of all employees including women, people of color, LGBT individuals, older team members, and disabled employees.
“The 2019 100 Best are the leaders in creating the most innovative workplaces built on trust,” said Michael C. Bush, CEO of Great Place to Work. “Employees at these organizations feel valued, respected and heard, and are inspired to be their best selves because of the commitment these winning companies have made to creating a great workplace for all employees, no matter who they are or what they do for the company.”
Cadence enables electronic systems and semiconductor companies to create the innovative end products that are transforming the way people live, work and play. Cadence’s software, hardware and semiconductor IP are used by customers to deliver products to market faster. The company’s System Design Enablement strategy helps customers develop differentiated products—from chips to boards to systems—in mobile, consumer, cloud datacenter, automotive, aerospace, IoT, industrial and other market segments. Cadence is listed as one of Fortune Magazine’s 100 Best Companies to Work For. Learn more at cadence.com.
About The Fortune 100 Best Companies to Work For
Great Place to Work based its ranking on a data-driven methodology applied to anonymous Trust Index ™ survey responses from more than 310,000 employees at Great Place to Work-Certified organizations with more than 1,000 employees. To learn more about Great Place to Work Certification and recognition on Best Workplaces lists published with Fortune, visit greatplacetowork.com.
About Great Place to Work
Great Place to Work is the global authority on high-trust, high-performance workplace cultures. Through its certification programs, Great Place to Work recognizes outstanding workplace cultures and produces the annual Fortune “100 Best Companies to Work For” and Great Place to Work Best Workplaces lists for Millennials, Women, Diversity, Small and Medium Companies, industries and, internationally, countries and regions. Through its culture consulting services, Great Place to Work helps clients create great workplaces that outpace peers on key business metrics like revenue growth, profitability, retention and stock performance.
© 2019 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE SEMICONDUCTOR
SOURCE: Cadence Design Systems, Inc.
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PUB: 02/14/2019 10:45 AM/DISC: 02/14/2019 10:45 AM