2020 Dec 11, 10:48pm
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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 Friday in a regulatory filing. The company will continue to support its former headquarters and other U.S. 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. Like many other companies, the spread of coronavirus has prompted Oracle to offer staffers more flexible arrangements, including the ability to work from home. It’s just one of a number of companies, executives and employees that are ditching California because of concerns over the state’s tax rates and high costs, as well as arduous commutes in some locales.
California will always have people that want to live there for obvious reason.
Cant wait until the leftist morons who keep brainlessly mouthing how big California’s economy is, but have not an ounce of economic understanding, have to shut it as leftist economic policies destroy California.
Where does Larry Ellison live?
All this so and so is moving to so and so sounds like a bunch of fluffSure the headquarter address might move. What else? Probably not much.
BayArea saysAll this so and so is moving to so and so sounds like a bunch of fluffSure the headquarter address might move. What else? Probably not much.Just the taxes will be moved.
The employee base will remain in Redwood City continuing to compete for housing
“I’ve received a number of inquiries about whether or not I will be moving to Texas,” Ellison wrote in a memo to Oracle’s employees. “The answer is no. I’ve moved to the State of Hawaii and I’ll be using the power of Zoom to work from the island of Lanai. Mahalo, Larry.”
Except perhaps the H1 types for whom those tradeoffs don't matter.
No sense to bring H1B into CA either.