Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that Fortune and Great Place To Work® have honored the company as one of the 2023 100 Best Companies to Work For®. This is Cadence’s ninth year in a row being named to this prestigious list, coming in at #35 this year. Cadence is being recognized as one of the best companies to work for, thanks to its core belief that culture drives business success.
To determine the 100 Best Companies to Work For, Great Place To Work analyzed the anonymous survey responses of more than half a million employees from Great Place To Work Certified™ companies and assessed companies’ descriptions of their employee programs and work environments. In the survey, 90% of Cadence employees said the company is a great place to work, and 93% said they are proud to tell others they work there.
Anirudh Devgan, president and CEO of Cadence said, “It’s an honor to be recognized for the ninth year in a row as one of the 100 Best Companies to Work For. This is a testament to the high-performance inclusive culture we have built at Cadence. We know our employees can solve the electronic design industry’s hardest technology challenges because they work in an environment that enables them to do their best work. I am very proud of our employees for their unwavering commitment to serving our customers, contributing to our communities and driving our success.”
“It’s in times like these that the best workplaces separate themselves,” said Michael C. Bush, CEO of Great Place To Work. “In a challenging economy, many companies reduce investments in their people and scale back goals for diversity, equity, and inclusion. But these companies, the 100 Best, relentlessly pursue a better work experience for every employee, and if anything, double down on the employee experience regardless of title, tenure, gender, or ethnicity. These companies know this is how you increase performance, productivity and your innovation velocity when your firm needs it the most.”
The Fortune 100 Best Companies to Work For list is highly competitive. Survey responses reflect a comprehensive picture of the workplace experience. Companies were selected based on their ability to offer positive outcomes for employees regardless of job role, race, gender, sexual orientation, work status or other demographic identifier.
Cadence has been recognized as a Great Place To Work in a number of regions around the world including Asia (overall), Brazil (Minas Gerais), Canada, Europe (overall), France, Germany, Greater China, India, Ireland, Italy, Japan, Korea, Poland, Singapore, Sweden, Taiwan and the United Kingdom.
The Fortune World’s Best Workplaces list is published at fortune.com/ranking/best-companies/.