Cadence Design Systems layoffs, on the record
Every job cut, severance charge and restructuring Cadence Design Systems reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 11,200 to approximately 13,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 11,200 | December 31, 2023 |
| 10-K for 2024 | approximately 12,700 | December 31, 2024 |
| 10-K for 2025 | approximately 13,800 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCadence initiated a restructuring plan (the 2023 Restructuring Plan) that included severance and termination benefits tied to headcount reductions, plus facility-related costs.
Word for word“Most recently, in August 2023, Cadence initiated a restructuring plan (the "2023 Restructuring Plan") and incurred costs comprised of severance payments and termination benefits related to headcount reductions and costs related to impacted facilities.” 10-K for 2023
Our summaryCadence initiated its 2024 Restructuring Plan, whose charges were severance payments and termination benefits tied to headcount reductions.
Word for word“The most recent of these plans was initiated in August 2024 (the “2024 Restructuring Plan”).” 10-K for 2024
Our summaryThe filing states that the 2024 plan's charges were comprised of severance and termination benefits related to headcount reductions.
Word for word“The charges incurred with the 2024 Restructuring Plan were comprised of severance payments and termination benefits related to headcount reductions and are included in restructuring on Cadence’s consolidated income statements.” 10-K for 2024
Our summaryCadence recorded restructuring charges in fiscal 2023 for its severance and benefits program.
Word for word“Restructuring 10,935 78 11,013 Non-cash changes — ( 78 ) ( 78 ) Cash payments ( 8,211 ) — ( 8,211 ) Effect of foreign currency translation ( 121 ) — ( 121 ) Balance, December 31, 2023 $ 2,603 $ — $ 2,603 Restructuring 22,735 1,030 23,765 Non-cash changes — ( 1,030 ) ( 1,030 ) Cash payments ( 20,464 ) — ( 20,464 ) Effect of foreign currency translation ( 147 ) — ( 147 ) Balance, December 31, 2024 $ 4,727 $ — $ 4,727 All liabilities for severance and related benefits under the 2024 Restructuring Plan are included in accounts payable and accrued liabilities on Cadence’s consolidated balance sheet as of December 31, 2024.” 10-K for 2024
Our summaryCadence reported an outstanding restructuring liability at year end and expects to pay the severance liabilities through fiscal 2025.
Word for word“Cadence expects to make cash payments to settle these liabilities through fiscal 2025.” 10-K for 2024
Our summaryCadence started a restructuring plan in September 2025, with charges made up of severance and termination benefits tied to headcount reductions.
Word for word“The most recent of these plans was initiated in September 2025 (the “2025 Restructuring Plan”).” 10-K for 2025
Our summaryCadence said the charges for its 2025 restructuring plan were severance payments and termination benefits related to headcount reductions.
Word for word“The charges incurred with the 2025 Restructuring Plan were comprised of severance payments and termination benefits related to headcount reductions and are included in restructuring on Cadence’s consolidated income statements.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $41 million | $17.6 million |
| 2017-12-30 | $9.4 million | $20.4 million |
| 2018-12-29 | $11.1 million | $12.9 million |
| 2019-12-28 | $8.6 million | $11.1 million |
| 2021-01-02 | $9.2 million | $10.2 million |
| 2022-01-01 | −$1 million | $7.5 million |
| 2022-12-31 | $55,000 | $98,000 |
| 2023-12-31 | $11 million | $8.2 million |
| 2024-12-31 | $23.8 million | $20.5 million |
| 2025-12-31 | $29.2 million | $16 million |
Cadence Design Systems has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Cadence Design Systems’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.