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Cadence Design Systems to Cut 225 Jobs

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Cadence Design SystemsCadence Design Systems will cut 225 jobs, or about 5% of its workforce.

The company expects to record a pre-tax restructuring charge of up to $25 million in Q2, and save about $30 million a year with the restructuring.

San Jose, California-based Cadence Design Systems is an electronic design automation software and engineering services company, founded in 1988 by the merger of SDA Systems and ECAD.

Cadence Design Systems to Cut 225 Jobs by
Authored by: Harrison Barnes