Oracle said Friday (11) that it has moved its headquarters from California to Austin, Texas, and employees can choose their own office location or continue to work from home to enhance work flexibility.
Oracle is implementing a more flexible workplace policy and is changing its headquarters from Redwood City, California, to Austin, Texas,” an Oracle spokesperson said. We believe these initiatives are best for Oracle to achieve growth and provide employees with greater flexibility in where and how they work,” the spokesperson said.
The spokesperson further expressed the hope that a more modern approach to work will further improve the quality of life and work for employees.
According to Oracle’s regulatory filings, the locations in Santa Monica (Santa Monica), Seattle, Denver, Orlando and Massachusetts (Massachusetts) will remain unchanged.
The rampage of Newcastle Pneumonia (CCP) has led many companies to offer more flexible options for employees, such as allowing home offices. Some companies are also concerned about California’s expensive tax rate and cost of living, as well as commuting issues, which have led some executives and employees to leave the state.
In addition to Oracle’s choice to leave California, HPE (HPE-US) also said earlier this month that it would leave its “home base” in Silicon Valley and relocate to Houston to save on corporate costs, taking into account the trend of telecommuting and the high cost of living in Silicon Valley.
Newly listed data exploration start-up Palantir (PLTR-US) moved its headquarters to Denver this year, while e-cigarette maker Juul Labs moved to Washington, D.C. Charles Schwab (SCHW-US) also moved to Texas last year.
In addition, Tesla (TSLA-US) CEO Elon Musk confirmed this week that he has now moved to Texas and that his Musk Foundation has also quietly moved to Texas.
During the epidemic outbreak this year, Musk’s relationship with California deteriorated due to dissatisfaction with California government policies, Tesla’s California Fremont factory resumed work forcefully, and even filed a lawsuit against California, and threatened to move the Fremont factory to Texas and Nevada, and even sold his California mansion.
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