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Cadence Design Systems Inc. Message Board

  • edavet88 edavet88 Feb 2, 2011 1:41 PM Flag

    Cadence Layoff?

    I heard CDNS had another layoff last week. Is that true? I thought the recession is over and the business is turning around. Well, I guess not!

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    • The recession is not over for Cadence. Cadence was suffering from a recession of it's own making before the market wide recession. Stock moves over the last 2 years on this particular stock have little if anything to do with the company and it's actual business performance.

      As for the layoffs, if they follow pattern, then it is 3-5% of heads, probably peanut buttered across the rank and file. Meaning that they still are not making the tough but needed decisions to terminate ailing products and run a leaner and more profitable operation.

      This company forecasts ~$1B for 2011. To do so, and to do so on sound business footing, they need to get below 3500 headcount. I don't think they are there yet.

    • Good. Reasons to buy more stock. Lot of dead beats at CDNS. Need to trim more. Chuck, chuck, chuck...

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