Oracle is moving its headquarters from Silicon Valley to Austin, Texas

Oracle is moving its headquarters from Silicon Valley to Austin, Texas

Exterior view of the Oracle Field Office in Wilson Boulevard, Arlington, Virginia, October 18, 2019.

Tom Brenner | Reuters

Oracle is the latest technology company to move its headquarters out of California. The company said Friday it will move its headquarters from Silicon Valley to Austin, Texas.

“Oracle implements a highly flexible employee location policy, and has relocated its corporate headquarters from Redwood City, California to Austin, Texas. Confirmed to CNBC.

Bloomberg First announced Action.

Most of the employees can choose their office location, or continue to work part-time or full-time from home, the company said.

“In addition, we will continue to support Oracle’s core centers around the world such as Redwood City, Austin, Santa Monica, Seattle, Denver, Orlando and Burlington in the United States, and we look forward to adding more locations over time,” Oracle said. “By implementing a more modern approach to work, we expect to further improve the quality of life and output of our employees.”

The Oracle is one of the oldest success stories of Silicon Valley, founded in 1977 in Santa Clara. This In 1989 it was relocated to its current headquarters. There are many buildings on its premises Built in the shape of a squat cylinder, Which is a classic icon in the design of computer systems for a database, the product that Oracle created its empire.

The corona virus infection has given many tech companies and key silicon fence figures an exit from California. Hewlett Packard Enterprise announced earlier this month that it was moving from San Jose, California to Houston, Texas. And Palindir Technologies, a data analysis software company Moved its headquarters From Palo Alto, California to Denver, Colorado earlier this year.

READ  David Jones Why, Myr stores should be appropriate

Tesla and SpaceX President Elon Musk Confirmed this week He immigrated to Texas, although his companies maintain their core operations in California. Larry Ellison, co-founder and chairman of Oracle, serves on Tesla’s board. Ellison also has a long-standing friendship with Michael Del, whose computer company was founded and headquartered in the Austin area.

Subscribe to CNBC on YouTube.

You May Also Like

Cory Weinberg

About the Author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

Leave a Reply

Your email address will not be published. Required fields are marked *