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Bloomberg
Oracle Corp, a Silicon Valley stalwart, has moved its headquarters to Texas, becoming the latest technology company to leave its home state in the face of California’s higher taxes, steeper cost of living and a broader shift to remote work.
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 in a regulatory filing. The company will continue to support its former headquarters and other US offices in Santa Monica, California; Seattle; Denver; Orlando, Florida; and Burlington, Massachusetts, according to the filing.
The software maker said it had 135,000 employees as of the end of May.