Oracle becomes the newest tech giant to abandon California for greener pastures

Spread the love

 181 views

…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.

Hewlett Packard Enterprise said earlier this month that it’ll be moving its headquarters to a new campus being built in Spring, Texas, just outside of Houston. The company at the time said Houston had long been their largest US employment hub as it is “an attractive market for us to recruit and retain talent, and a great place to do business.”

RECOMMENDED READ:  TSMC in partnership with Apple will manufacture 3nm chips by the end of the year.

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.

Masthead credit: josefkubes

READ ALSO:
Apple teams up with Common Sense Media to compile podcasts for children

Good news for parents who want sound audio material for their children. Podcasts have hit a new height over the Read more

Taiwan says that its TSMC-led semiconductor industry has ample water until May

The nation has been facing the worst drought in 56 years Taiwan has eased concerns that global semiconductor shortages could Read more

NFTs,  new crypto craze explained

NFTs are authenticating the originality of digital products If you've been watching tech or financial news late, you may have Read more

Leave a Reply

Your email address will not be published. Required fields are marked *