Software giant Oracle moved the company headquarters from Redwood City, California to Austin, Texas, as reported by Bloomberg.
The move to Austin from Redwood City “means that many of our employees can choose their office location as well as continue to work from home part time or all of the time,” Oracle said Friday in a regulatory filing. The company will continue to support its former headquarters and other U.S. offices in Santa Monica, California; Seattle; Denver; Orlando, Florida; and Burlington, Massachusetts, according to the filing.
BREAKING: Oracle just announced they have moved their Headquarters to Austin.
— Greg Abbott (@GregAbbott_TX) December 11, 2020
Texas is truly the land of business, jobs, and opportunity.
We will continue to attract the very best.
The software maker said it had 135,000 employees as of the end of May. Like many other companies, the spread of coronavirus has prompted Oracle to offer staffers more flexible arrangements, including the ability to work from home. It’s just one of a number of companies, executives and employees that are ditching California because of concerns over the state’s tax rates and high costs, as well as arduous commutes in some locales.
