Posted on 12/11/2020 2:29:02 PM PST by SeekAndFind
The California Exodus continues, as Oracle has become the latest tech company to leave the Golden State for Texas.
The company noted the move at the very bottom of their latest 10-Q, the tech company founded 43 years ago in Santa Clara, California announced that they would be "implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas," where the company opened a massive 40-acre riverfront campus in 2018 with the capacity for up to 10,000 employees.
The company says the move will "best position Oracle for growth and provide our personnel with more flexibility about where and how they work." Most Oracle employees will be able to choose their office location, or continue to work from home part time or full time, the company told CNBC.
"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," the company added. "By implementing a more modern approach to work, we expect to further improve our employees' quality of life and quality of output."
What they don't mention is that California also has some of the highest taxes in the nation, an outrageous cost of living, an explosion in homelessness, crumbling infrastructure and seasonal wildfires which continue to make living in 'paradise' a living hell. Last December, Oracle ditched San Francisco as the longstanding venue for its OpenWorld conference, citing expensive hotel rooms and 'poor street conditions' - depriving the city of an estimated $64 million per year after the company moved the event to Las Vegas.
Indeed, the exodus out of California is real and ongoing. Oracle's move follows that of Hewlett Packard, which announced earlier this month that it would be relocating its headquarters from San Jose, California to Houston, Texas. Meanwhile, Palantir Technologies moved its headquarters from Palo Alto, California to Denver, Colorado earlier this year. Meanwhile, Tesla CEO Elon Musk and comedian Joe Rogan left the Golden State for Texas.
"They do tend to get a little complacent, a little entitled, and then they don't win the championship any more," said Musk, comparing California to a sports team, adding that the state "has been winning for a long time, and I think they're taking [firms] for granted a little bit."
Data from moving company moveBuddha.com (via Market Crumbs) shows Texas is by far the most popular destination for those leaving the San Francisco Bay area. So far this year, 16% of outbound Bay Area residents moved to the state. That's more than the combined total going to next two most popular states—Washington and New York, which accounted for 7.9% and 6.5% of the outbound total, respectively.
Austin is attracting the bulk of the new Texas residents as 7% of outbound Bay Area residents are moving to the city. Two additional Texas cities made the list of the top 15 most popular destinations as Dallas and Houston ranked 8th and 12th, respectively.
I’ve got a very bad feeling about this....
Their PC ruined CALIFORNIA, now they are moving to TEXAS.
RE: Austin is attracting the bulk of the new Texas residents as 7% of outbound Bay Area residents are moving to the city.
Well, you can say that Austin is the Bluest of the Blue Cities in Red Texas. A virtual San Francisco in the Lone Star State if you will. Just don’t let Austin infect the rest of the state.
RE: Austin is attracting the bulk of the new Texas residents as 7% of outbound Bay Area residents are moving to the city.
Well, you can say that Austin is the Bluest of the Blue Cities in Red Texas. A virtual San Francisco in the Lone Star State if you will. Just don’t let Austin infect the rest of the state.
Poor, poor Texas. Probably at least 80% (or more) of Oracle employees are super liberals or worse. Bad news.
This is going to accelerate the purpling of Texas.
“I’ve got a very bad feeling about this....”
You should, the employees that transfer or are newly hired will be woke POS. Texas will fall in 4 - 6 years.
There goes Texas. Same thing happened to Colorado in the 80s and 90s. Once the liberals move in, they destroy everything, and then move on.
Purple is the color of fraud. You say it is turning blue and then you strangle the lifeblood out of the democratic process and say “see, we said it was going blue.”
RE: Poor, poor Texas. Probably at least 80% (or more) of Oracle employees are super liberals or worse. Bad news.
Elon Musk and company just moved to Texas too. Is he and company super liberal too?
A lot of Colorado believes that their blueness is the result of rigged elections, too.
Damage done in California. Now let’s destroy Texas!
Texas needs to make these companies unwelcome. They are freaking locusts. Destroy one place and move onto the next and destroy it.
Texas needs to pass a law that prohibits people from out of state voting in their state elections for at least 20 years after they first establish residency.
The only way they can do that is declare independence and become a new country. They should.
But hey, with their exodus, California could become red again.
Texas Republicans have done this to themselves
They have been actively soliciting California’s business to come down and have offered lucrative deals.
Stuck stupid
Blame Texas government. They were blasting TV commercials back in California 10 years ago to get businesses to move to Texas.
And leave your blanking politics in lovely California.
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