Oracle finally moves its Headquarters from California to Texas

Oracle finally moves its Headquarters from California to Texas

Reportedly; Software giant Oracle has moved its company from Silicon Valley to Austin, Texas. Oracle Corporation is one of the oldest tech companies of Silicon Valley. Oracle was founded in 1977. Oracle has also shifted its headquarter out of California after the COVID-19 pandemic.

According to the software giant, “Oracle is implementing a more flexible employee work location policy”; and this move provides employees more flexibility about where and how they work. Furthermore, the company said, “our employee can choose their office location. Whether they want to work from home or office”.  It already has a campus in Austin, which opened in 2018. 

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Texas Gov. Greg Abbott announced the news on Twitter; he said, “Texas is truly the land of business, jobs, and opportunity”. The COVID-19 pandemic has given an excuse to a number of companies to exit Silicon Valley, California.

In recent months, several other firms have also announced plans to leave California. The leaders are blaming the political state climate which is unfriendly to business. 

Elon Musk has also announced; he is moving his headquarters out of California for Taxes.  According to some reports, local officials have refused him to reopen his company during the coronavirus lockdown. Now, Tesla is building a new plant near Austin, but Tesla still has a plant in Fremont, California. Musk said he moved his residence to Texas, as well.

Read: Pinterest launches new features to make it more convenient for users to use after acknowledging the increased activity on its platform

And another Silicon Valley company, Hewlett Packard Enterprise said that it is moving its global headquarters to the Houston area from California. CEO of HPE has also announced his plans to build a 440,000 square-foot campus in the Houston Suburb. The campus is set for completion in 2020. Hewlett Packard Enterprise has also locations in Austin and Plano, near Dallas.

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