Oracle is moving its headquarters to Austin

Oracle is joining the growing exodus from Silicon Va...

Posted: Dec 12, 2020 10:33 AM

Oracle is joining the growing exodus from Silicon Valley to Texas.

The company will move its corporate headquarters to the state's capital, Austin, it said Friday. It also instituted a more flexible work policy for its employees, who can choose their office location or continue to work from home.

"We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work," spokesperson Deborah Hellinger told CNN Business. "We will continue to support major hubs for Oracle around the world, including those in the United States such as Redwood Shores, Austin, Santa Monica, Seattle, Denver, Orlando and Burlington, Mass. among others, and we expect to add other locations over time."

The news was first reported by Bloomberg.

Oracle is one of Silicon Valley's oldest companies, founded in 1977 in Santa Clara and currently headquartered in nearby Redwood City.

The software and cloud services provider has 135,000 employees worldwide.

Oracle, which recently made headlines for its joint bid with Walmart to buy social media darling TikTok, is the latest in a spurt of big tech companies and executives shifting base to Texas.

Hewlett-Packard Enterprises, a subsidiary of the company that pioneered Silicon Valley, announced last week that it would move its main office to Houston. Several smaller tech companies such as SignEasy, QuestionPro and DZS (formerly known as Dasan Zhone Solutions) have also moved from California to Texas.

Silicon Valley is notorious for its exorbitant real estate prices and California has a high personal income tax rate, while Texas has none.

Tesla and SpaceX CEO Elon Musk announced earlier this week that he had moved to Texas as well, though his companies will continue to be headquartered in California.

New York Coronavirus Cases

County data is updated nightly.

Cases: 2110004

Reported Deaths: 53574
CountyCasesDeaths
Kings28059410456
Queens2773009958
Suffolk2010363400
Nassau1836493175
Bronx1835056589
New York1382724500
Westchester1296642291
Erie895791807
Richmond749771841
Monroe689761110
Orange48312843
Rockland46944963
Onondaga38931677
Dutchess29472445
Albany24699356
Oneida22619514
Niagara20035373
Broome18623366
Saratoga15364168
Ulster13908257
Schenectady13202205
Rensselaer11229142
Putnam1060692
Chautauqua8951145
Chemung7761136
Oswego762292
Ontario740693
Steuben6952145
Sullivan667376
St. Lawrence664096
Cayuga633792
Jefferson613668
Wayne578370
Cattaraugus572091
Genesee5435124
Herkimer5187109
Clinton483533
Madison456289
Livingston452060
Fulton442291
Tompkins434652
Montgomery4254126
Columbia4064104
Cortland392662
Tioga383063
Warren365857
Wyoming358253
Allegany355587
Chenango349976
Otsego346247
Greene340379
Washington316255
Orleans311883
Lewis280836
Franklin256312
Delaware238138
Seneca201156
Schoharie169217
Essex159326
Yates117826
Schuyler107514
Hamilton3132
Unassigned9315
Out of NY0250
Utica
Clear
47° wxIcon
Hi: 64° Lo: 45°
Feels Like: 47°
Oneonta
Clear
49° wxIcon
Hi: 64° Lo: 43°
Feels Like: 47°
Herkimer
Clear
47° wxIcon
Hi: 67° Lo: 47°
Feels Like: 47°
Old Forge
Partly Cloudy
47° wxIcon
Hi: 62° Lo: 44°
Feels Like: 47°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
Senior Send-Off brought to you by Herkimer College
18 Facets of Summer Photo Contest brought to you by Herkimer Diamond Mines
Looking for work or looking to hire? Check out the WKTV Job Fair!
Alivana Ready for Summer Giveaway
Saluting Those Who Are Proud 2 Serve