Dear Colleagues,
The current release has already been granted a two-week extension because we cannot catch up. Work intensification has hit peak levels, and the pressure in meetings is rising. Yet, the company appeared well-prepared enough that on a “simple Monday,” it proceeded with emergency meetings, launching a campaign of lay-offs.
Unfortunately, the union’s warnings about unpleasant developments are being confirmed. The lay-offs began under the pretext of role redundancy and the supposed inability to absorb colleagues into other positions. In a company of 450 people, how difficult can that really be? And who knows what other pretexts they will use in the future?
Cadence itself reported a 24.2% increase in revenue for Q2 2026 compared to last year, with first-half net profits exceeding $702 million (compared to $404 million in 2025). In fact, the company revised its forecasts upward, expecting total revenue of up to $6.34 billion for 2026. With these profits, generated by our own work, it finances extortionate lay-offs disguised as voluntary resignations.
However, they did not take into account that there is a union that claims rights, mobilizes, and acts as a shield to protect colleagues. We have proven this in the past, and we will prove it again now. We will not allow lay-offs to be used to make us bow our heads.
KEEP YOUR HEADS UP, COLLEAGUES. NO ONE IS ALONE!
NO ONE SHOULD SIGN A VOLUNTARY RESIGNATION UNTIL THEY HAVE CONTACTED THE UNION. RESIGNING IS NOT A SOLUTION!
WE ALL FIGHT TOGETHER FOR THE RIGHT TO WORK, FOR OUR MODERN RIGHTS!
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TAKE BACK THE UNJUST LAY-OFFS NOW
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THE COMPANY MUST FIND A SOLUTION FOR REDUNDANT POSITIONS NOW
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ABSORB COLLEAGUES INTO THE MANY DEPARTMENTS THAT ARE OVERSTRETCHED
We are moving forward with:
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A work stoppage on Wednesday, November 4th, from 09:00 to 13:00.
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A General Assembly on Monday, November 9th, at 17:30 in the “Hephaestus” amphitheater to decide on the escalation of our actions.
The Executive Board of BETA CAE Systems Labor Union