Cadence Named by Fortune and Great Place to Work as One of the 2018 Fortune 100 Best Companies to Work For
16 February 2018 - 3:33AM
Business Wire
Cadence makes the list for the fourth
consecutive year and ranks #38 in 2018
Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced that
Fortune and global research and consulting firm Great Place to
Work® have named Cadence #38 on the 2018 Fortune 100 Best Companies
to Work For® list. This is Cadence’s fourth consecutive year on the
list and its first time appearing in the top 40. Cadence’s
inclusion on this list reflects its dynamic company culture, where
employees are passionate about creating innovative technology and
driving customer success.
For more information on the Cadence 2018 Fortune 100 Best
Companies to Work For recognition, please visit
http://fortune.com/best-companies/cadence/.
“When I first joined Cadence in 2009, building a high-performing
culture became one of my top priorities,” said Lip-Bu Tan, CEO of
Cadence. “As transformative trends like machine learning shape the
future of electronics, the opportunity for Cadence to innovate and
grow is immense. Making the Fortune 100 Best Companies to Work For
list for the fourth year in a row demonstrates our commitment to
fueling a dynamic work environment where employees feel inspired
and empowered to do their best work. This is crucial when it comes
to our ability to delight our customers with innovative
products.”
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 for Giving Back and Millennials 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 Canada,
Brazil (Minas Gerais), Europe (overall), France, Germany, Greater
China, India, Ireland, Italy, Korea, Poland and the United Kingdom.
As a result of these achievements, the company was listed as number
13 on the 2017 list of the World’s Best Multinational Workplaces in
last October.
This year marks the 21th anniversary of the Fortune 100 Best
Companies to Work For list, and the 2018 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 responses from more than 310,000
employees rating their workplace culture on 50-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 2018 Fortune 100 Best Companies to Work For are true
leaders,” said Michael C. Bush, CEO of Great Place to Work. “In the
face of competition, change and financial constraints, they
consistently prioritize building the trust, pride and camaraderie
that fuels business performance. And they’re doing it at scale for
everyone, regardless of who they are or what they do for the
organization.”
About Cadence
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.
Learn more at greatplacetowork.com and on LinkedIn, Twitter,
Facebook and Instagram.
© 2018 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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