Again in Might, some Silicon Valley tech firms introduced their plan to maneuver from California to Austin, Texas after the state handed draconian lockdown legal guidelines and poorly dealt with the keep at residence order. Since then, at the least a dozen different tech firms have left or are planning to depart the state. Final week, SpaceX CEO Elon Musk left Tesla California for Texas. Musk referred to as it completed on California after residing within the state for over 25 years.
Now, Oracle is the most recent within the checklist of know-how firms transferring from California. The database large introduced on Friday that it was transferring its headquarters from Silicon Valley to Austin, Texas.
“Oracle is implementing a extra versatile worker location coverage and has moved its headquarters from Redwood Metropolis, California to Austin, Texas. We imagine these strikes will greatest place Oracle for progress and provides our workers extra flexibility in the place and the way they work, ”stated a spokesman.
In response to Oracle, nearly all of its workers can select their workplace location or proceed working part-time or full-time from residence. “We can even proceed to help key Oracle hubs all over the world, together with these within the US similar to Redwood Metropolis, Austin, Santa Monica, Seattle, Denver, Orlando, and Burlington. We count on so as to add different areas over time, ”stated Oracle. “By implementing a extra fashionable work strategy, we count on an extra enchancment within the high quality of life and the standard of our workers.”
Based in 1977 by Larry Ellison in Santa Clara, the corporate moved to its present headquarters in 1989. It is one of many older Silicon Valley success tales. Tech giants aren’t the one firms transferring out of California. Various startups in addition to different bigger and extra established firms moved to Austin, Texas within the first half of 2020 alone, in line with a report from CrunchBase.