Cadence Named One of the 2021 100 Best Companies to Work For® by Fortune and Great Place to Work®
April 12 2021 - 10:45AM
Business Wire
Cadence makes the list for the seventh
consecutive year, coming in at #65
Cadence Design Systems, Inc. (Nasdaq: CDNS) announced that
Fortune and Great Place to Work® have honored the company as one of
the 2021 100 Best Companies to Work For®. This is Cadence’s seventh
year in a row being named to this prestigious list, coming in at
#65 this year. Cadence is being recognized as one of the best
companies to work for thanks to its outstanding people-first
culture and history of innovation.
The Fortune 100 Best Companies to Work For® award is based on an
analysis of survey responses from more than half a million current
employees across the U.S. The Great Place to Work audit recognized
Cadence’s response to the pandemic, where the company garnered
exceptional marks in the areas of leadership, benefits, programs
and practices. In that survey, 90% of employees consider Cadence a
great place to work, and 93% said they are proud to tell others
they work there.
Lip-Bu Tan, CEO of Cadence said, “I’m delighted and honored that
Cadence has been recognized as an employer of choice alongside some
of the best companies in the world. This award is a testament to
the strength and resilience of our One Cadence—One Team culture,
which propelled us to a year of record financial performance. Our
relentless focus on our customers’ success has allowed us to thrive
during a year of unprecedented challenges.”
Last year, with the world facing a unique situation, Cadence
employed a people-first approach. Based on employee feedback,
Cadence provided two stipends to purchase home office equipment or
anything to support employees’ particular needs, provided back-up
child and elder care and additional holidays for employees to
recharge, supported flexible work schedules and instituted
innovative diversity- and inclusion-focused programs.
“Our employees are what make Cadence unique and a truly great
place to work. I am so thankful for their dedication and commitment
to our customers and culture of innovation, especially in such
trying times,” said Tan.
Michael C. Bush, CEO of Great Place to Work said,
“Congratulations to the 100 Best Companies to Work For. These
companies have stood out for their heroic efforts to care for their
employees, their customers and our society, in a difficult year.
Remarkably, our research found that employee experience scores rose
at these workplaces overall last year—a testament to the resilience
of their inclusive, high-trust cultures.”
The Fortune 100 Best Companies to Work For® is highly
competitive. Great Place to Work, the global authority on workplace
culture, selected the list using rigorous analytics and
confidential employee feedback. Companies were only considered if
they had been a Great Place to Work-Certified™ organization.
Great Place to Work is the only company culture award in America
that selects winners based on how fairly employees are treated.
Companies are assessed on how well they are creating a great
employee experience that cuts across race, gender, age, disability
status, or any aspect of who employees are or what their role
is.
The Fortune World’s Best Workplaces list is published at
https://fortune.com/best-companies/2021/search/.
About Cadence
Cadence is a pivotal leader in electronic design, building upon
more than 30 years of computational software expertise. The company
applies its underlying Intelligent System Design strategy to
deliver software, hardware and IP that turn design concepts into
reality. Cadence customers are the world’s most innovative
companies, delivering extraordinary electronic products from chips
to boards to systems for the most dynamic market applications,
including consumer, hyperscale computing, 5G communications,
automotive, mobile, aerospace, industrial and healthcare. For seven
years in a row, Fortune magazine has named Cadence one of the 100
Best Companies to Work For. Learn more at cadence.com.
About the Fortune 100 Best Companies to Work For®
Great Place to Work® selected the Fortune 100 Best Companies to
Work For® by gathering and analyzing confidential survey responses
from over a half a million employees at Great Place to
Work-Certified™ organizations across the country. Company rankings
are derived from 75 employee experience questions within the Great
Place to Work Trust Index™ survey. Read the full methodology.
To get on this list next year, start here.
About Great Place to Work®
Great Place to Work® is the global authority on workplace
culture. Since 1992, they have surveyed more than 100 million
employees worldwide and used those deep insights to define what
makes a great workplace: trust. Their employee survey platform
empowers leaders with the feedback, real-time reporting and
insights they need to make data-driven people decisions. Everything
they do is driven by the mission to build a better world by helping
every organization become a great place to work For All™.
Learn more at greatplacetowork.com and on LinkedIn, Twitter,
Facebook and Instagram.
© 2021 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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