Oracle is moving its headquarters from Silicon Valley to Austin, Texas

[Gaali_Gottam_Govinda]

• Oracle is the latest tech company to relocate out of California.
• The coronavirus pandemic has given a number of tech companies an excuse to exit Silicon Valley.
• HPE announced its move to Houston earlier this month.

Oracle is the latest tech company to move its headquarters out of California. The company said on Friday it’s moving its headquarters from the Silicon Valley to Austin, Texas.

“Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas. We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work,” a spokesperson confirmed to CNBC.

 

Bloomberg first reported the move.

A bulk of employees can choose their office location, or continue to work from home part time or full time, the company said.

“In addition, we will continue to support major hubs for Oracle around the world, including those in the United States such as Redwood City, Austin, Santa Monica, Seattle, Denver, Orlando and Burlington, among others, and we expect to add other locations over time,” Oracle said. “By implementing a more modern approach to work, we expect to further improve our employees’ quality of life and quality of output.”

Oracle is one of Silicon Valley’s older success stories, founded in Santa Clara in 1977. It moved into its current headquarters in 1989. Several of the buildings on its campus there are constructed in the shape of a squat cylinder, which is the classic symbol in computer systems design for a database, the product on which Oracle built its empire.

The coronavirus pandemic has given a number of tech companies and prominent Silicon Valley figures an excuse to exit California. Hewlett Packard Enterprise announced earlier this month that it will relocate its headquarters from San Jose, California, to Houston, Texas. Data analytics software company Palantir Technologies also moved its headquarters to Denver, Colorado from Palo Alto, California, earlier this year.

Tesla and SpaceX chief Elon Musk also confirmed this week that he moved to Texas, though his companies still maintain their major operations in California. Larry Ellison, Oracle’s co-founder and chairman, serves on Tesla’s board. Ellison has a longstanding friendship with Michael Dell, whose computer company was founded and remains headquartered in the Austin area.

[MiryalgudaMaruthiRao]

nice

[manadonga]

Oracle vadu chala offices open chesadu austin and roundrock 

[DummyVariable]

Austin will be the new Silicon Valley, UT Austin will be the new Stanford 😛

[manadonga]

Anta ledu kani good market no infrastructure in austin enough doola teripoddi 

[salim]

5 minutes ago, DummyVariable said:

Austin will be the new Silicon Valley, UT Austin will be the new Stanford 😛

Florida ki rakunda chusokavvli maa Rick uncle

[Spartan]

I guess... e Dem batch lolli tattukoleru anukunta companies.. kotta govt esahlu chustunte....

anduke moving to red states.

[PilliBeta]

24 minutes ago, DummyVariable said:

Austin will be the new Silicon Valley, UT Austin will be the new Stanford 😛

Stanford didn't happen because of Silicon Valley, Silicon Valley happened because of Stanford. 

[PilliBeta]

2 minutes ago, Spartan said:

I guess... e Dem batch lolli tattukoleru anukunta companies.. kotta govt esahlu chustunte....

anduke moving to red states.

Oracle CEO supported Trump openly and had a deal with Tiktok that didn't go through. 

[csrcsr]

5 minutes ago, Spartan said:

I guess... e Dem batch lolli tattukoleru anukunta companies.. kotta govt esahlu chustunte....

anduke moving to red states.

Tesla kuda pedda plant kadthundi anta vaadu kuda veldam ani plan

[DummyVariable]

13 minutes ago, PilliBeta said:

Stanford didn't happen because of Silicon Valley, Silicon Valley happened because of Stanford. 

New Silicon Valley ki Stanford avasaram ledhemo 

[Nimmakai]

8 minutes ago, DummyVariable said:

New Silicon Valley ki Stanford avasaram ledhemo 

k

[argadorn]

1 hour ago, Spartan said:

I guess... e Dem batch lolli tattukoleru anukunta companies.. kotta govt esahlu chustunte....

anduke moving to red states.

Neeku ala ardham ayindha ... companies move avuthay Slow ga red states will be blue like georgia ... You will come to know next 10 years ... Flip guarantee 

[snoww]

They already have office in austin. They will give option to any employees if they want to move. And pay less state taxes on overall profits. 

[Jobsforeveryone]

1 minute ago, snoww said:

They already have office in austin. They will give option to any employees if they want to move. And pay less state taxes on overall profits. 

22 acres office is already there for Oracle in east Austin closer to downtown. Probably they will make it their headquarters.