Why do you care what someone's title is? Just because someone has a title of manager, or director or VP (and there are several forms of VP at Cadence) doesn't mean that they are a manager of people or other managers. The problem at Cadence is they don't have good titles for senior individual contributors, so they use these director and VP titles instead. IMO, someone who is a crucial individual contributor can be a VP - all I care about as an investor is that the company gets an ROI from his/her salary.
All this manager & title talk just seems like bitterness to me. These boards are supposed to be for folks interested in stock trading and investing. I know in this latest layoff of group directors and directors let go. I'm sure Cadence, like any other company, has a ranking system of all employees and uses that to figure out who they should let go. That the layoff mostly affects sales makes sense given the economy and reduction in forecasted revenues. I also know that significant product folks were affected as well, and that jobs have been moved over to India.