Software giant Oracle moved the company headquarters from Redwood City, California to Austin, Texas, Bloomberg reported, the latest tech firm to depart Silicon Valley for the Lone Star State.
Oracle did not immediately reply to a request for comment Sunday, but told CNBC that it was putting into place “a more flexible employee work location policy,” and that the move to Austin would “best position Oracle for growth and provide our personnel with more flexibility about where and how they work.”
Oracle, founded in 1977, is one of the older Valley tech firms, and is a staple of the area; the San Francisco Giants play at Oracle Park, and the company’s Redwood City campus features its well-known cylindrical buildings. It already has a campus…
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Author: Kim Lyons