REDWOOD CITY, Calif. (AP) — Tech giant Oracle Corp. said Friday it will move its headquarters from Silicon Valley to Austin, Texas, and let many employees choose their office locations and decide whether to work from home.
The business software maker said it will keep major hubs at its current home in Redwood City, California, and other locations.
“We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work,” the company said in a regulatory filing.
The move comes the same week that Tesla founder Elon Musk announced that he has moved to Austin. Musk had criticized California officials for restrictions designed to limit the coronavirus pandemic.
Texas Gov. Greg Abbott quickly boasted about Oracle’s decision.
“Oracle just announced they have moved their headquarters to Austin,” Abbott tweeted. “Texas is truly the land of business, jobs, and opportunity. We will continue to attract the very best.”
Texas has long targeted companies in high-cost California for relocation. This month, Hewlett Packard Enterprise, one of the early companies in Silicon Valley, said it will move to the Houston area and build a campus with two five-story buildings by 2022. In 2018, Toyota shifted its U.S. headquarters from Southern California, to Plano, Texas, a Dallas suburb.
In its most recent fiscal year, which ended May 31, Oracle reported earnings of $10.1 billion on revenue of about $39 billion. The company was founded in Santa Clara, California, in 1977 and as of May 31, employed about 135,000 people.
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The decay / cancer of liberalism in California. Soon California will be Haiti. I just hope the people working for Oracle, do not bring any left wing politics to Texas.
BUT unfortunately, as has been proven, time and time again, LEFTISTS ALWAYS seem to bring their ROT with them, to infect any healthy state they go to.
Just think about the tax revenue shortfall that will be created by their move. How will they fund their commie ways now?
TAX everyone else more, of course. Then of course they’ll come up with ways to TAX YOU for leaving the state..
The definition of an oracle is a person with great wisdom or someone believed to have communication with a deity, considered to provide wise and insightful counsel or prophetic predictions, most notably including precognition of the future. In this case it is a California prelude to a kiss,,,,,of economic death and social bankruptcy where not only do they “sooner or later run out of other people’s money”, but their own people’s sources of income. Don’t you just love socialism, the equal distribution of the ever-increasing poverty?
Texas just got a lot more predictable, and a lot economically huskier and Muskier, and California a lot more debilitated and disoriented by the Muskrat Democrats that rule, not govern what is supposed to be a land of Self-governance, now morphed into the land of socially selfish governing where the social indoctrination has turned WE THE PEOPLE into WE THE PUPPETS.
We Texans look forward to deprogramming their already received miseducation and moral indoctrinations, by enjoying paying no state income taxes, gasoline 40 cents/gal cheaper, the ability to cast a vote without it getting cancelled by machine politicians, and the ability to make business decisions without getting government regulated into business eternity.
We Texans look forward to deprogramming their already received miseducation and moral indoctrinations, by enjoying paying no state income taxes, gasoline 40 cents/gal cheaper, the ability to cast a vote without it getting cancelled by machine politicians, and the ability to make business decisions without getting government regulated into business eternity.
Really? I didn’t think you were that naive.
Me neither. THE LEFT has been spreading out, and INFECTING EVERY DAMN State they flee to..
Maybe if red states, were MORE CIRCUMSPECT and vetted, those who FLED commiefornia though the late 80s, 90s and such, they could have STOPPED LIBERALSIM from ruining oregon, colorado, austin and such.
Never underestimate a cockroaches ability to adapt to his environment and thrive. The have been known tgo survice nuke explosions.
Which is why i keep saying, CONSERVATIVE states, were too damn WELCOMING of them… They should have all been MORE CIRCUMSPECT!
They’re not coming for the benefits, they’re coming to flip Texas. Their employees and profits fund the Democrat Party.
They will take advantage of the benefits while they do so. Texas should figure out a way to tax them back to California.
Exactly. THEY ARE coming, to RUIN Texas, just like they ruind commiefornia.. DON’T FALL FOR IT>
oracle should stay in californiastan because the helped create the new nom there.
They will bring their politics! Be careful what you wish for Texas. Liberal politics are insidious and damaging!