…moves headquarters from California to Texas
Oracle’s move is part of a broader trend that Axios notes has been accelerated by two Cs: California and coronavirus. Individuals and businesses alike are increasingly leaving California over tax concerns, overpopulation issues, the high cost of living there and more. Factor in strict pandemic-related measures and it’s no wonder that some big names are going elsewhere.
In a filing with the US Securities and Exchange Commission on Friday, Oracle said it has moved its corporate headquarters from Redwood City, California to Austin, Texas and has implemented a more flexible employee work location policy. The changes, the company said, will provide personnel with more flexibility with regard to where and how they work.
Just a few days ago, Tesla and SpaceX CEO Elon Musk announced he had departed the Golden State for the Lone Star State. Over the summer, Joe Rogan also relocated to Texas.
Oracle’s decision isn’t all that surprising considering the company has been moving resources out of California since at least 2018. That year, Oracle opened a campus in Austin in hopes of recruiting fresh and affordable talent.
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