Software program large Oracle moved the corporate headquarters from Redwood Metropolis, California to Austin, Texas, Bloomberg reported, the most recent tech agency to depart Silicon Valley for the Lone Star State.
Oracle didn’t instantly reply to a request for remark Sunday, however told CNBC that it was placing into place “a extra versatile worker work location coverage,” and that the transfer to Austin would “greatest place Oracle for development and supply our personnel with extra flexibility about the place and the way they work.”
Oracle, based in 1977, is without doubt one of the older Valley tech corporations, and is a staple of the world; the San Francisco Giants play at Oracle Park, and the corporate’s Redwood Metropolis campus options its well-known cylindrical buildings. It already has a campus in Austin, which it opened in 2018. Texas Gov. Greg Abbott heralded the information in a tweet, saying “Texas is really the land of enterprise, jobs, and alternative.”
BREAKING: Oracle simply introduced they’ve moved their Headquarters to Austin.
Texas is really the land of enterprise, jobs, and alternative.
We’ll proceed to draw the easiest.
— Greg Abbott (@GregAbbott_TX) December 11, 2020
A number of different corporations have introduced plans to go away California in current months, with some firm leaders blaming the state’s political local weather as unfriendly to enterprise. Tesla is building a new plant close to Austin and CEO Elon Musk has threatened to move the company out of California altogether after tussling with native officers over coronavirus lockdowns, however Tesla nonetheless has a plant in Fremont. Musk said he moved his personal residence to Texas, as nicely.
And one other Silicon Valley stalwart, Hewlett Packard, announced plans earlier this month to construct a 440,000-square-foot campus in a Houston suburb for its new headquarters. HP already has Texas areas in Austin and Plano, close to Dallas.