Oracle demolishes Silicon Valley in favor of the lone star state | Gadget theory

Software mega-giant Oracle is the latest company to shift gears and move headquarters from Silicon Valley to The Lone Star State. Oracle moved its headquarters from Redwood City, California to Austin, Texas.

Oracle Headquaters In Redwood City, California

The company also said CNBC that it “worked a more flexible work placement policy for employees,” as well as that the move to Texas “would put Oracle in the best position for growth and give our staff more flexibility about where and how they work.”

Oracle was founded in 1977 and has been a staple of the Silicon Valley area ever since. The San Francisco Giants baseball team plays at Oracle Stadium and the company’s cylindrical buildings on the Redwood City campus are an iconic part of the landscape.

The company opened its Austin campus in 2018. When the announcement of the move was made, Texas Gov. Greg Abbot tweeted: “Oracle has just announced that they have moved their headquarters to Austin. Texas is truly the country of business, jobs and opportunities. We will continue to attract the very best. “

Oracle Campus in Austin, Texas

Oracle is not the only company that has relocated or plans to relocate from California. Several business leaders have said the state’s political climate is not conducive to their businesses.

Tesla is also building a new plant near Austin amid CEO Elon Musk, warning that it will move the company completely out of California following disagreement over COVID-related business closures. Musk also said he would move his personal residence to the Lone Star State. Tesla still has a plant in Fremont.

Oracle Austin Campus interior

An additional Silicon Valley company, Hewlett Packard Enterprise, is planning a move to a suburb of Houston, announcing plants for a 440,000-square-foot campus as a new headquarters. The company already has several campuses in Texas in the cities of Austin and Plano.