Oracle leaving Silicon Valley for Texas – Times of India

SAN FRANCISCO: Business computing giant Oracle on Friday said it is leaving Silicon Valley for Texas as it embraces a remote work model made common by the pandemic.
“We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work,” Oracle said in response to an AFP inquiry.
“Depending on their role, this means that many of our employees can choose their office location as well as continue to work from home part time or all the time.”
Oracle is moving its headquarters from Redwood Shores in Northern California to Austin, which has long been attracting tech firms and is home to the South by Southwest Festival which has an “interactive” portion devoted to internet innovations.
“Another day, another global giant moving to Texas,” the state governor, Greg Abbott, said in a tweet.
“Welcome to the Lone Star State, @Oracle HQ!”
Oracle has offices in an array of US cities, including Austin.
Word of Oracle’s move comes as internet firms that have been letting workers do their jobs remotely due to the pandemic embrace the practice, which frees them to hire people who live far from offices and leaves companies less tethered to Silicon Valley campuses.
Colorful entreprenuer Elon Musk this week confirmed his move to Texas.
Tesla co-founder and chief executive Musk said left California after a heated squabble earlier this year with local authorities, who ordered one of his auto factories closed to stop the spread of Covid-19.
Texas also offers a lower cost of living and no state income tax, both of which may appeal Oracle as well as South Africa-born Musk, 49, who overtook Bill Gates to become the world’s second-wealthiest person last month as Tesla stock reached ever-greater heights.
Musk justified the move by saying he needed to be closer to two of his biggest projects: the development of rockets by his company SpaceX in the southern part of the state, and construction of a Tesla automobile plant near state capital Austin.

This Post Has 3 Comments

  1. h20

    Please let me know if you’re looking foor a article author for your weblog.

    You have some really good posts and I feel I would bee a good asset.
    If yyou ever want to take some of the oad off, I’d
    absolutely love to write some material forr your blog in exchange for a link back to mine.

    Please send me an e-mail if interested. Kudos!

    Feel free to visit mmy blog: h20

  2. sabunluk

    Just wiish to say your article iss as surprising.
    The clasrity in your post is simply nice and i could assume you are aan expert on this subject.
    Well with your permission let me to grab your feed to kep updated with forthcoming post.
    Thanks a million and please continue the enjoyable work.

    My wweb blog; sabunluk

  3. triko takım

    wonderful put up, very informative. I’m wondering why
    the opposite specialjsts of this sector do not understand
    this. You must continue your writing. I’m confident, you have a hhge
    readers’ base already!

    My homepage triko takım

Leave a Reply