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Oracle Moves To Texas As Silicon Valley Exodus Accelerates
USSA News ^ | 12/11/2020 | Tyler Durden

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.


TOPICS: Business/Economy; News/Current Events; US: California; US: Texas
KEYWORDS: exodus; oracle; siliconvalley; texas; turntexasblue
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1 posted on 12/11/2020 2:29:02 PM PST by SeekAndFind
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To: SeekAndFind

I’ve got a very bad feeling about this....


2 posted on 12/11/2020 2:29:53 PM PST by rigelkentaurus
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To: SeekAndFind

Their PC ruined CALIFORNIA, now they are moving to TEXAS.


3 posted on 12/11/2020 2:30:04 PM PST by stars & stripes forever (Blessed is the nation whose God is the Lord. (Psalm 33:12))
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To: SeekAndFind

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.


4 posted on 12/11/2020 2:30:20 PM PST by SeekAndFind
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To: rigelkentaurus

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.


5 posted on 12/11/2020 2:30:35 PM PST by SeekAndFind
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To: SeekAndFind

Poor, poor Texas. Probably at least 80% (or more) of Oracle employees are super liberals or worse. Bad news.


6 posted on 12/11/2020 2:32:38 PM PST by Governor Dinwiddie (Guide me, O thou great redeemer, pilgrim through this barren land.)
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To: SeekAndFind

This is going to accelerate the purpling of Texas.


7 posted on 12/11/2020 2:32:39 PM PST by Shadow44
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To: rigelkentaurus

“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.


8 posted on 12/11/2020 2:33:06 PM PST by DAC21
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To: SeekAndFind

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.


9 posted on 12/11/2020 2:33:30 PM PST by JoSixChip (2020: The year of unreported truths. )
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To: Shadow44

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.”


10 posted on 12/11/2020 2:34:51 PM PST by AndyJackson
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To: Governor Dinwiddie

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?


11 posted on 12/11/2020 2:35:46 PM PST by SeekAndFind
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To: JoSixChip

A lot of Colorado believes that their blueness is the result of rigged elections, too.


12 posted on 12/11/2020 2:35:46 PM PST by AndyJackson
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To: SeekAndFind

Damage done in California. Now let’s destroy Texas!


13 posted on 12/11/2020 2:36:21 PM PST by Jan_Sobieski (Sanctification)
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To: SeekAndFind

Texas needs to make these companies unwelcome. They are freaking locusts. Destroy one place and move onto the next and destroy it.


14 posted on 12/11/2020 2:36:35 PM PST by Abbeville Conservative (Preventing the theft of the 2020 Presidential Election is that hill we've talked about)
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To: SeekAndFind

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.


15 posted on 12/11/2020 2:36:59 PM PST by MissEdie (I am South Carolina Strong.)
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To: MissEdie

The only way they can do that is declare independence and become a new country. They should.


16 posted on 12/11/2020 2:38:10 PM PST by Abbeville Conservative (Preventing the theft of the 2020 Presidential Election is that hill we've talked about)
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To: Shadow44

But hey, with their exodus, California could become red again.


17 posted on 12/11/2020 2:39:38 PM PST by crusty old prospector
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To: JoSixChip

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


18 posted on 12/11/2020 2:39:52 PM PST by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: rigelkentaurus
I’ve got a very bad feeling about this....

Blame Texas government. They were blasting TV commercials back in California 10 years ago to get businesses to move to Texas.

19 posted on 12/11/2020 2:43:23 PM PST by CatOwner
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To: SeekAndFind

And leave your blanking politics in lovely California.


20 posted on 12/11/2020 2:44:56 PM PST by ReleaseTheHounds ("The problem with Socialism is that eventually you run out of other people's money." M. Thatcher )
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