Sorry to disagree with TomTom.
I've been using VMware Workstation for a while mainly on Windows XP, Windows Vista and now Windows Seven native systems to run different Windows flavors as well as Ubuntu.
Yes, a virtualized environment is slower than a native system and that may be in a range of 5 up to 100 %.
The main problem isn't that much the CPU load but the physical memory lack.
Let's say you've a Windows Seven 64 Ultimate running on a 4 Gb system that when idle needs almost 1.5 Gb and uses ~ 10% of the CPU. Launching the extra layer of VMware will cost you ~ 300 Kb and the CPU loads will climb up to ~ 20%. Then launching a virtual system within VMware will request at a minimum the amount of memory you defined for that virtual machine that is a minimum of 1 Gb for any decent system. Then you'll see the CPU load ~ 60 % if the virtual machine is Ubuntu and ~ 80 % for any flavor of recent Windows OS.
Now, you'll start different apps within that virtual machine.
If the amount of memory you've set for that virtual machine is not enough, the virtualized system will start to swap, then dramatically slowing down its overall performance and responsiveness.
If the sum of the amount of memory you've set for that virtual machine plus the amount of memory needed for your native system is above the amount of memory of your native system, then it's your native system that is going to swap, slowing down both the native and virtualized system.
So, it first depends of the balance of the memory needed for both the native and the virtualized machines.
Now it's almost the same with the CPU load. If a virtualized app needs a huge CPU load, and a native app needs also a huge CPU load, your native system will have to manage the priority and balance the CPU charge between its different apps, the virtualized system being nothing but an app but that phenomenon is a classical CPU load problem that you can trick with app priorities.
So, my first advice if you need to use virtualization is to put a bunch of memory in your machine, whatever the OS you use natively or within a virtual machine.
Just my 2 cents.
Best regards.