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joe2moon
Joined: 19 Apr 2002
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 03 Oct 2008 1:54 News: Magma to restructure operations, reduce workforce ! |
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EDA vendor Magma Design Automation Inc. plans to restructure its operations and reduce its workforce up to 10 percent, the company said Thursday (Oct. 2).
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A spokesperson for Magma could not provide a specific number for the planned layoffs, but said it would be 10 percent or less of the company's total workforce. Magma's total head count at the close of its most recent quarter was 1,011.
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source:
http://www.eetimes.com/news/design/showArticle.jhtml;jsessionid=5WMB2AKPVFZVAQSNDLOSKHSCJUNN2JVN?articleID=210605279
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ljxpjpjljx
Joined: 05 May 2008
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| 03 Oct 2008 5:15 Re: News: Magma to restructure operations, reduce workforce |
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| magma is a powerful EDA tool , we can try to use it!
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joe2moon
Joined: 19 Apr 2002
Posts: 371
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| 18 Oct 2008 11:33 Fister gone, Cadence layoffs may be next |
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http://www.eetimes.com/news/design/showArticle.jhtml?articleID=211200727
SAN FRANCISO— The resignation Wednesday (Oct. 15) of Cadence Design Systems Inc. President and CEO Michael Fister and four other top executives signals the beginning of a major course change at a time when Cadence faces multiple challenges and is rumored to be on the verge of announcing a huge layoff.
In July, Cadence cut its fiscal year revenue guidance by 25 percent and said it expects to report a third quarter loss of 25 to 27 cents per share. Rumors have been circulating that Cadence may cut as much as 25 percent of its workforce.
Layoff next week?
Valera said the next big data point awaited by Wall Street is how many workers will be laid off in what has been characterized by Cadence as an aggressive restructuring. Valera said he initially thought Cadence would cut 10 to 15 percent of its workforce, but noted that there have been consistent though unconfirmed rumors that the cuts will be more like 20 to 25 percent. Valera said its rare for a large EDA company to make cuts of that magnitude.
Valera said he expects Cadence to provide exact numbers during its earnings call scheduled for Oct. 22. "They've basically promised that to The Street," Valera said. He added that he expects the cuts to be across the entire company, noting that Cadence has been clear that they will include deep cuts in R&D.
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