Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Management & Strategy

Oracle Says it Will Move HQ From Silicon Valley to Texas

Tech giant Oracle Corp. said Friday it will move its headquarters from Silicon Valley to Austin, Texas, and let many employees choose their office locations and decide whether to work from home.

The business software maker said it will keep major hubs at its current home in Redwood City, California, and other locations.

Tech giant Oracle Corp. said Friday it will move its headquarters from Silicon Valley to Austin, Texas, and let many employees choose their office locations and decide whether to work from home.

The business software maker said it will keep major hubs at its current home in Redwood City, California, and other locations.

“We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work,” the company said in a regulatory filing.

The move comes the same week that Tesla founder Elon Musk announced that he has moved to Austin. Musk had criticized California officials for restrictions designed to limit the coronavirus pandemic.

Texas Gov. Greg Abbott quickly boasted about Oracle’s decision.

“Oracle just announced they have moved their headquarters to Austin,” Abbott tweeted. “Texas is truly the land of business, jobs, and opportunity. We will continue to attract the very best.”

Texas has long targeted companies in high-cost California for relocation. This month, Hewlett Packard Enterprise, one of the early companies in Silicon Valley, said it will move to the Houston area and build a campus with two five-story buildings by 2022. In 2018, Toyota shifted its U.S. headquarters from Southern California, to Plano, Texas, a Dallas suburb.

In its most recent fiscal year, which ended May 31, Oracle reported earnings of $10.1 billion on revenue of about $39 billion. The company was founded in Santa Clara, California, in 1977 and as of May 31, employed about 135,000 people.

RelatedOracle Announces Availability of Cloud Guard, Maximum Security Zones

Written By

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Management & Strategy

Microsoft making a multiyear, multibillion dollar investment in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools.

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.