Economy

Oracle is moving its headquarters from California to Texas

The software giant Oracle moved the company’s headquarters from Redwood City, California to Austin, Texas, Bloomberg mentioned, The latest tech company to leave Silicon Valley for Lone Star State.

Oracle did not immediately respond to a request for comment Sunday, however Tell CNBC She was establishing a “looser employee workplace policy,” and that moving to Austin would “put Oracle in a better position for growth and provide our employees with more flexibility about where and how they work.”

Oracle, founded in 1977, is one of the oldest technology companies in the Valley and a staple in the region; The San Francisco Giants play in Oracle Park, and the company’s Redwood City campus features its well-known cylindrical buildings. It already has a campus in Austin, which opened in 2018. Texas Governor Greg Abbott announced the news in a tweet, saying, “Texas is really the land of business, jobs and opportunity.”

Several other companies have announced plans to leave California in recent months, with some company leaders blaming the state’s political climate as being unfriendly to business. Tesla builds a new plant Near Austin CEO Elon Musk’s threatened Relocate the company outside of California Exactly after disagreeing with local officials over coronavirus shutdowns, but Tesla still has a factory in Fremont. Musk said he had moved his personal residence To Texas, too.

And another Silicon Valley company, Hewlett Packard Enterprise announces its plans Earlier this month, to build a 440,000-square-foot campus in a suburb of Houston for its new headquarters. HPE already has locations in Texas in Austin and Plano, near Dallas.

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Thelma Binder

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