Encounter Test was an Internal IBM tool that Cadence thought they could market externally and it was indeed a pipe dream.
Never really designed for the outside world but shoe horned to fit. No one in India has been axed (yet). The tool is now in the hands of a skeleton crew in NY and some India folks that aren't really technical with it. But since they are cheap labor... Anyways an IBM contract is the tools only strength for survival.
To be fair the tool was not a commericial success. After six years it was not even tied for 2nd place in the market. Does not mean it was not painful for the employees and customers - now if only Cadence would do this with many of their other crap products.
Was NY/ex-IBM gutted and moved to India or the entire team including India?
Endicott,NY - Encounter Test - approx 39% of development was hit. No news on any management hits, yet... Tool is now basically gutted after being bought about 6 years ago. No real surprises since that's the Cadence way...
That was exactly ten years ago...
Cadence closes multiple design centers, lays off 600
(11/04/1998 1:33 AM EST)
Cadence is expected to officially announce the layoffs later today (Nov. 4).
look - the numbers are almost same as 10 years ago
Cadence Announces Restructuring Program
SAN JOSE, CA--(MARKET WIRE)--Nov 5, 2008
The company expects to eliminate at least 625 full-time positions, representing 12% of its global employee base, plus a substantial number of contractors and consultants....
Hard to believe that was 10 years ago. Sales force running open-loop and booking big dollar services deals (and making BIG commissions) that no design team, anywhere, could complete and make money on a fixed-price contract.
I've not heard any more, sorry.
You are young and life is long and there is time to kill today.
And then one day you find ten years have got behind you,
No one told you when to run, you missed the starting gun.
If you don't recognize the quote and know who said it, it won't matter to you anyway.
All personnel impacted by a layoff at year-end would need to be notified by 11/3... that's a federal law for large companies requiring advance notice. That's why 11/3 keeps popping up... That is the last day they can do it and still have the costs impact the financial statements for the quarter.