Oracle has announced that it has relocated its headquarters to Austin, Texas, becoming the latest technology company to exit the San Francisco Bay Area. Bloomberg First announced Friday.
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Texas does not have a state income tax, but California is known for its high tax and strict regulatory policies.
What they say: “We believe Oracle’s best position for the growth of these moves and provide greater flexibility in where and how our employees work,” an Oracle spokesman said. CNBC.
- The company also said it would allow the majority of its employees to choose which office they want to work in, or whether they continue to work from home.
- “[W]We look forward to continuing to support Oracle’s core centers around the world, including Redwood City, Austin, Santa Monica, Seattle, Denver, Orlando and Burlington, and other locations over time. “
- “By implementing a modern approach to work, we expect to further improve the quality of life and output of our employees.”
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