In a filing with the US Securities and Exchange Commission on Friday, Oracle said it has moved its corporate headquarters from Redwood City, California to Austin, Texas and has implemented a more flexible employee work location policy. The changes, the company said, will provide personnel with more flexibility with regard to where and how they work.
Hewlett Packard Enterprise said earlier this month that it’ll be moving its headquarters to a new campus being built in Spring, Texas, just outside of Houston. The company at the time said Houston had long been their largest US employment hub as it is “an attractive market for us to recruit and retain talent, and a great place to do business.”
Just a few days ago, Tesla and SpaceX CEO Elon Musk announced he had departed the Golden State for the Lone Star State. Over the summer, Joe Rogan also relocated to Texas.
Oracle’s decision isn’t all that surprising considering the company has been moving resources out of California since at least 2018. That year, Oracle opened a campus in Austin in hopes of recruiting fresh and affordable talent.