One of the oldest tech success stories, Oracle, is moving its headquarters to Austin, Texas. Oracle was one of the earliest iconic Silicon Valley-based companies. Earlier this month, HPE also announced its plans of moving to the lone star state.
With the change of its corporate HQ, Oracle also said that it is also implementing a new work location policy, which will provide its employees more flexibility about where and how they work. According to the new policy, most of the employees in Oracle’s payroll can choose their office location or continue to work from home part-time or full-time. “By implementing a more modern approach to work, we expect to further improve our employees’ quality of life and quality of output,” Oracle told CNBC.
Oracle was founded in Santa Cara in 1977. The company moved to its current headquarters in Redwood, California in 1989. The company has over 135,000 employees worldwide and will continue to support its major hubs all around the world, including those in the United States such as Redwood Shores, Austin, Santa Monica, Seattle, Denver, Orlando, and Burlington, Massachusetts, among others.
With the coronavirus pandemic, several companies have found an opportunity to exit California. Data Analytics software company Palantir Technologies moved its HQ to Denver, Colorado, earlier this year.