- Oracle is moving its headquarters from Redwood City, California, to Austin, Texas, a company spokesperson confirmed to Business Insider.
- The database software giant has been based in Silicon Valley since it was founded in 1977.
- Oracle’s move is just the latest in a string of announcements of tech talent fleeing the San Francisco Bay Area for Texas, specifically Austin.
- Tesla CEO Elon Musk announced this week that he has already moved to Texas. Oracle founder and CTO Larry Ellison sits on Tesla’s board.
- The tech industry has a long history in Austin, with IBM, Dell Technologies, and Samsung setting up shop in the city. Oracle itself has a relatively new campus near downtown Austin.
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After over four decades, Oracle is moving its headquarters from Silicon Valley to Austin, Texas.
In a statement to Business Insider, Oracle spokesperson Deborah Hellinger confirmed that the database software giant’s corporate headquarters has moved from its longtime campus in Redwood Shores, California to Austin, Texas.
“We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work,” Hallinger said. “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.
Hallinger also said the move comes after Oracle implemented a more flexible employee work location policy.
“By implementing a more modern approach to work, we expect to further improve our employees’ quality of life and quality of output.” Oracle has been based in Silicon Valley since the company was founded in 1977.
The news is yet another account of tech talent packing up and leaving the famous tech capital for Texas, with Austin, in particular, being a popular destination for relocation.
The tech industry has a long history in Austin, with companies like IBM, Dell Technologies, and Samsung having set up shop in the city over the decades. Oracle itself built a campus for itself in downtown Austin fairly recently.
Dropbox CEO Drew Houston is reportedly moving to Austin. Palantir cofounder and venture capitalist Joe Lonsdale already lived in the Central Texas city and confirmed in early November that he is moving his firm, 8VC, there as well.
And Tesla founder and SpaceX CEO Elon Musk is the latest high-profile tech figure that has announced he's moving to Texas, but it's unclear where in the state he is moving. Tesla has a Cybertruck factory under construction in the Austin area. Oracle CTO and cofounder Larry Ellison has sat on Tesla's board since 2018.
Tech companies like Silicon Valley veteran Hewlett-Packard Enterprise are moving elsewhere in Texas. News recently surfaced that HPE was relocating its headquarters from San Jose to Houston, Texas.