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Oracle Businesses United States

Oracle Is Moving Its Headquarters From Silicon Valley To Austin, Texas (cnbc.com) 111

Posted by BeauHD from the everybody's-doing-it dept.
Oracle said on Friday it's moving its headquarters from the Silicon Valley to Austin, Texas. CNBC reports: "Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, 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," a spokesperson confirmed to CNBC. A bulk of employees can choose their office location, or continue to work from home part time or full time, the company said.

"In addition, we will continue to support major hubs for Oracle around the world, including those in the United States such as Redwood City, Austin, Santa Monica, Seattle, Denver, Orlando and Burlington, among others, and we expect to add other locations over time," Oracle said. "By implementing a more modern approach to work, we expect to further improve our employees' quality of life and quality of output." Oracle is one of Silicon Valley's older success stories, founded in Santa Clara in 1977. It moved into its current headquarters in 1989. Several of the buildings on its campus there are constructed in the shape of a squat cylinder, which is the classic symbol in computer systems design for a database, the product on which Oracle built its empire.
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Oracle Is Moving Its Headquarters From Silicon Valley To Austin, Texas More

Oracle Is Moving Its Headquarters From Silicon Valley To Austin, Texas

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  • The reasoning behind this is obviously if the shareholders try to vote out the current board for mismanagement the board can just sue and get the vote overturned.

  • Hey Larry-- Don't let the door hit you in the ass on your way out.

  • The Long Game (Score:4, Interesting)

    by imAck ( 102644 ) on Friday December 11, 2020 @06:12PM (#60820844) Homepage

    Texas has been working the long game on this strategy -- the tax and regulation issues aside, there has been lots of infrastructure work in the Austin and surrounding areas (roads, broadband, airport, etc.). Proximity to the University of Texas (UT) system in Austin, plus being in the capital. Events such as SXSW and other cultural draws that will help with recruiting. I won't be surprised if we see more relocations in the days ahead.

    • College educated voters = democrats. We want Texas. This year we lost by 6%, four years it will be 2%, 8 years from now we will WIN Texas.

      All because of those sweet sweet tech jobs we got you addicted to.

      • Well, Austin is already pretty liberal...

        • Re: (Score:3)

          by ghoul ( 157158 )
          When I lived in Austin the joke was if you are born Liberal in Texas either you move out of state or move to Austin. its an Island of Blue surrounded by Red. BTW when I moved to the Bay Area I was surprised at how illiberal the Bay Area is in comparison. The Bay Area has a caste system and a well defined hierarchy of what job is done by what skin color. Austin has a good old boys network based on UT but the network is color blind.

  • Company X is moving to Texas! (Score:5, Insightful)

    by Tailhook ( 98486 ) on Friday December 11, 2020 @06:37PM (#60820936)

    Every week another monster corp announces a headquarters move to Texas, usually from California or similar. Last week it was HP moving to Houston. Two days ago Musk moving to BFE Texas to be with his rockets and get away from Cali regs and taxes or something. Other recent announcements include: Charles Schwab, AT&T, McKesson and PGA of America.

    Every time this happens the same sad, predictable bunch of arguments erupts. Since it's easy to anticipate the content of these threads I shall compile responses in a concise, possibly amusing list. This will save us all time and possibly a few brain cells going forward. The categories (plus the most obvious seed arguments) will include:

    Company X moving to Texas is Great Because:
    [ ] We didn't want that company anyhow.
    [ ] Texas is absorbing our zombie corps and making way for better companies

    Company X moving to Texas is Terrible Because:
    [ ] They'll bring their libruls and wreck the state
    [ ] There goes the neighborhood.
    [ ] Pretty soon Cali's economy will collapse and the commie libtards will have to <fill in pathetic fate here>

    Company X moving to Texas Doesn't Matter Because:
    [ ] They're just moving the headquarters

    Other:
    [ ] Hey So-And-So Hated CEO — Don't let the door hit you in the ass on your way out.
    [ ] Why is this on Slashdot?

    • Re: (Score:3, Insightful)

      by 4front ( 59135 )

      Texas sued to overturn the elections - let that sink in.

      • Texas sued to overturn the elections - let that sink in.

        No, our criminal sleazebag under indictment state AG sued to overturn the elections. Hell, none of his staff even supported it.

        I normally don't think in conspiratorial terms, but I think the guy was gunning for a Trump pardon. The FBI visited his office just the other day. He's gonna go to prison sooner or later.

    • You missed one:
      [ ] It doesn't matter either way since everyone works remotely now.

    • Re: (Score:2)

      by Tailhook ( 98486 )

      Company X Moves To Texas v0.2

      Company X moving to Texas is Great Because:
      [_] We didn't want that company anyhow.
      [_] Texas is absorbing our zombie corps and making way for better companies.
      [_] Pretty soon Cali's economy will collapse and the commie libtards will have to <fill in pathetic fate here>.
      [_] It's headed by Trumpers so good riddance.
      [_] We need Texas to be a blue state by <fill in impending election year here>!
      [_] Ellison is a Trump supporter and Elon was a Covid denier.
      [_] San

    • Re: (Score:2)

      by Megane ( 129182 )

      AT&T

      The current AT&T is a renaming of the old Southwestern Bell after they bought up most of the other baby bells, along with the long distance division that had kept the original name. Originally in the long distant past I think its HQ was in Kansas City, but for a long time the HQ was in San Antonio. Then in 2008 it moved to Dallas. So I'm not sure where you're getting this "recent announcement" thing from.

  • Companies moving to Texas are headed up by Trumpers - Ellison is a Trump supporter. Elon was a Covid denier.

  • Two things can be true (Score:5, Informative)

    by edi_guy ( 2225738 ) on Friday December 11, 2020 @06:45PM (#60820964)

    Two things can be true:

    1.) The state of California is pushing businesses out due to onerous tax/regulatory environment, as well as the general anti-business attitude prevalent in much of the populace and political representatives
    2.) Oracle and HP are 40+ year old companies with little left to offer except for nostalgia of bygone days. The loss to California is not a great one.

    Having said that, the direction things are going Silicon Valley can very easily end-up as a tech rust belt town. Historically speaking there were technologically dominant communities in Pittsburgh, Cleveland, Dayton, Detroit for their times which seemed impervious due to the network affect, family ties, and established supply lines. Those communities evaporated over the course of a few decades. Nothing preventing the same thing from happening elsewhere at another period of time.

    • Actually, not only California but the entire world would be better off if Oracle would just do the right thing and vanish in a puff of greasy black smoke immediately.

    • Thats a good one about rust belt. CA should take a good look at Detroit for their future if they keep driving businesses away. I mean parts of CA are already that way with all the homeless camps and homeless shitting in the street.

  • bugs, humidity, and snarled traffic (Score:3)

    by magarity ( 164372 ) on Friday December 11, 2020 @06:57PM (#60821032)

    Geez; did they even visit Austin before making this decision? Even if you wanted to have a picnic in a park in Austin, you can't because 1) the snarled traffic will prevent you from getting there by lunchtime, 2) the humidity and heat makes being outside uncomfortable just in general, and even if you make it then 3) the fire ants will chew your ass (literally) if you play on the grass.

    • You forgot to mention the Texas state bird - the mosquito. Damn things will fly off with your children if your not careful.

      • Re: (Score:2)

        by Megane ( 129182 )
        It's always fun to point at the crane flies (about 2-3cm) and tell furriners that they're mosquitoes. But the big problem that causes mosquitoes is standing water. I lived in NW Austin for 15 years out where the geology is the edge of karst limestone hills, and was amazed at how much of a problem mosquitoes weren't. It was probably because of the good drainage.

  • Dear Larry, don't stop at Austin, just keep going until you reach the sea. Then just continue until there nothing remains but a bit of brown slime drifting off in the general direction of Mexico.

    • Is Ellison even running the place anymore? Used to be, his mere bathroom gurgles would get quoted in headlines nationwide. But over the last decade or so, he seems to have dropped off the face of the earth.

  • California still has the most billionaires. [forbes.com] Losing a few won't end the state.

    • California still has the most billionaires. [forbes.com] Losing a few won't end the state.

      California can keep their billionaires. As long as California's sending Texas good jobs, we won't mind one little bit if their billionaires stay behind..

  • Seems like every tech company is moving to Texas lately. Probably good for business/taxes.

    • It's so good that maybe California could adopt some of these same policies to keep these companies from moving. Can they fathom that? Not likely if they keep sending Pelosi to the US House.

      • Re: (Score:2)

        by ksheff ( 2406 )
        The problem is that a lot of CA's tax and spending priorities were set by ballot initiatives that were put in place decades ago. The legislature can't alter them and if a change needs to be made, it has to be done via another ballot initiative.
  • Doesn't Larry need a big lake to dump his toys in once he is done with them?

  • Oh, nevermind. They'll already be out before they leave, because PG&E can't keep 'em on.

    • Re: (Score:2)

      by Megane ( 129182 )
      Meanwhile Texas does just fine completely disconnected from the east and west coast electrical networks, aside from the El Paso end.
  • Austin is tech friendly but I'm afraid this isn't a good move for employees, in the long run. California rules and norms seem to be better for employees. I live in DFW and I've worked for a company that moved to TX-- Corelogic. It had great benefits initially, but they started to erode, and they basically fired all IT and hired Indian firms with H-1B workers to save money. Many companies move to Texas and get local tax breaks to do so, but then have Indian IT firms do the work. Also, being a Linux fan, I p

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