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Cadence Design Systems, Inc. has 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.
“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.”
Cadence enables electronic systems and semiconductor companies to create the innovative end products that are transforming the way people live, work and play. Cadence® 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 here.
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, click here.
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.