Oracle, one of the San Francisco Bay Area’s most deeply rooted software companies, has packed up and moved to Texas amid an exodus of Silicon Valley tech companies from California.
Everything is bigger in Texas — minus the absurd taxes, the COVID lockdowns and the constraints on business.
As notable businesses flee California’s overbearing regulations, Oracle has joined them, Bloomberg reported. Per Oracle, the move will offer employees greater flexibility with regard to where they work, either from home or in a physical office space.
That seems like a polite way of saying that running a business from an expensive state which places never-ending lockdown restrictions and other mindless burdens on its citizens is no longer tenable.
The company of course didn’t say it would leave the state of its birth for reasons related to the pandemic, or to taxes. But, it’s difficult to imagine those factors didn’t play a role in the decision.
California, even with its scenic beaches, mountains and pleasant year-round temperatures, has long been a challenging place to do business, and the coronavirus pandemic has shown that the state’s Democratic leadership is willing to prioritize unscientific restrictions on personal movements, and virtue signaling, above business.
Bloomberg reported Oracle, whose name was on the arena in Oakland where the NBA’s Golden State Warriors recently won three championships, has moved its main office away from Redwood City, California. Now, the company is now calling Austin, Texas, home.
The move “means that many of our employees can choose their office location as well as continue to work from home part time or all of the time,” Oracle said in a regulatory filing Friday, according to Bloomberg.
The outlet added Oracle will still “support” other company locations in California, Washington state, Colorado, Florida and Massachusetts. The company had opened its Austin location in 2018.
Texas Gov. Greg Abbott lauded the news on Twitter
“BREAKING: Oracle just announced they have moved their Headquarters to Austin. Texas is truly the land of business, jobs, and opportunity. We will continue to attract the very best,” Abbott tweeted.
The move should send a loud message to California’s inept government leaders. Years of poor leadership has sent businesses away in droves. Now, another iconic California business has chosen...
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5 comments:
Texas should require companies like Oracle to inform their employees and executives that the politics of CA are not welcome and should be left behind.
Seriously, they should vet every Oracle employee for the blue sickness. They should insist Oracle hire TEXANS! Anything to avoid a further Dem dip to Texas.
It's too late for Austin, San Antonio too. They're tryin to turn the state. Ask yourself why a giant company like Oracle or Microsoft would care about taxes be they their own which they pass off to customers as an expense or their employees which is not their problem. It's us little guys who can't pass off squat they are killing.
They're not moving to Texas; they're moving to Austin, the bluest part of the state.
They are not fleeing anything. They are COLONIZING. BIG difference.
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