Just before the attempted IPO of Tality, they had 1200 employees. They hoped to raise $175M. The IPO failed and was withdrawn in 2001.
Cadence made many layoffs and restructuring until there wasn’t much left.Finally merged with technology from Simplex acquisition and became Cadence Design Foundry that focused on high-end digital, analog and mixed-signal IC design in close conjunction with Cadence technology development groups.
