Oracle abandons Silicon Valley in favor of Lone Star State

Software program mega-giant Oracle is the newest firm to shift gears and transfer its headquarters from Silicon Valley to The Lone Star State. Oracle moved its headquarters from Redwood Metropolis, California to Austin, Texas.

Oracle Headquarters in Redwood City, California

Oracle Headquarters in Redwood Metropolis, California

The corporate additionally stated to CNBC that was implementing “an extra versatile worker office coverage,” and that shifting to Texas “would finest place Oracle for development and provides our workers extra flexibility in the place and the way they work. working.”

Oracle was based in 1977 and has been a staple within the Silicon Valley area ever since. The San Francisco Giants baseball group play at Oracle Stadium and the corporate’s cylindrical buildings on the Redwood Metropolis campus are an integral part of the panorama.

The corporate opened its Austin campus in 2018. When the transfer announcement was made, Texas Gov. Greg Abbot tweeted, “Oracle simply introduced that they’ve moved their headquarters to Austin. Texas actually is the land of enterprise, jobs and alternatives. We’ll proceed to draw the most effective. ”

Oracle is not the one firm to have moved or is contemplating leaving California. A number of enterprise leaders stated the state’s political local weather was not favourable for his or her companies.

Tesla can also be constructing a brand new plant close to Austin as CEO Elon Musk has warned he plans to maneuver the corporate totally out of California following disagreements over COVID-related enterprise closures. Musk additionally stated he shall be shifting his private residence to the Lone Star State. Tesla nonetheless has a manufacturing facility in Fremont.

Interior of Oracle Austin campus

Inside of Oracle Austin campus

One other Silicon Valley firm, Hewlett Packard Enterprise, is planning to maneuver to a suburb of Houston, saying factories for a 440,000 sq. foot campus as the brand new headquarters. The corporate already has a number of campuses in Texas within the cities of Austin and Plano.