Oracle will move headquarters to Texas from California

Oracle on Friday announced that it would be moving its headquarters from the San Francisco Bay Area in California to Austin, Texas.

The company said that the move would "best position Oracle for growth and provide our personnel with more flexibility about where and how the work," CNBC reported.

In addition to the headquarters move, the company is implementing a "more flexible" employee work location policy. A majority will be able to choose their office location or continue to work from home part or full time.

"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," the company said in a statement.

Oracle joins a growing list of tech companies leaving Silicon Valley. Earlier in December, Hewlett Packard Enterprise announced a move to Houston, Texas. Dropbox and Palantir Technologies are also in the midst of moving out of the Golden State.

Elon Musk recently moved to Texas, although his companies — SpaceX and Tesla — will maintain their primary operations in California.

Oracle is currently still in talks with Walmart, TikTok, and the U.S. government to acquire the U.S. operations of TikTok under a new company based in the country.

62 Comments

sflocal 16 Years · 6138 comments

About 4 years ago

And so the exodus continues. Musk left to Texas, and probably eventually his manufacturing and aerospace, now Oracle. All those professional, high-paying jobs will now flee, along with all the employee income taxes, disposable income, etc.. and all that money now going into the Texas economy.

I'm ashamed to be a Californian. Our progressive, socialistic government has made doing business in California some of the most hostile in the U.S.

I hope more companies leave California to send a message to our legislatures that their out-of-control spending, socialism, and arrogant attitude will turn this state into a has-been. It's already getting there.

Good for Texas. They're doing all the right things, helping to foster business and growth, and best of all, their state government stays out of the way. California was once like that. No more.

jeff_cook 8 Years · 65 comments

About 4 years ago

Arizona turned Blue because of the exodus from California. Texas is next due to the same effect.

hmlongco 9 Years · 586 comments

About 4 years ago

sflocal said:

...and best of all, their state government stays out of the way.

I assume that's code for letting corporations and business do whatever the hell they want?

My take on it is simply that office space, cost-of-living and housing has grown so high in the Bay area that moving elsewhere seems like a good deal.

Unfortunately for your rant, in all likelihood the net result of all of those people moving to Austin is that AUSTIN real estate prices are going to start skyrocketing, and that all of those transplanted people are going to want the same level of services they once had in CA.

The same exact thing happened to Colorado and Denver and Boulder a couple of decades ago when the tech boom hit with people moving there from CA... with the same exact result. Housing and COL went up, and the state started going Blue...

jcc 16 Years · 336 comments

About 4 years ago

Tech moving away will spell the end of America’s dominance in the tech sphere as the previous concentration afforded an environment that was conducive to new ideas and the people that create it.

anantksundaram 18 Years · 20391 comments

About 4 years ago

jeff_cook said:

Arizona turned Blue because of the exodus from California. Texas is next due to the same effect.

Indeed. But the politics of most these folks clusters around the center. They dislike both extremes. If you take a look at who got elected in places like AZ and NH, it’s mostly a bunch of centrists, from both the L and the R.

But, quickly pivoting away from politics, it seems to me Apple’s HQ is destined to be stuck in CA forever. However, a lot of their incremental investments going forward may happen in places like Texas.