Austinites, watch out; another tech company is headed into town.
Just days after Tesla CEO Elon Musk revealed during an interview that he has moved to Texas, and less than two weeks after HP Enterprise, a spin-out of the iconic Silicon Valley company Hewlett-Packard, announced that it is separately moving to Texas, yet another of the Bay Area’s best-known brands — Oracle — is pulling up stakes and headed east to Texas, too.
The news was first reported by Bloomberg. Oracle confirmed the move in a statement sent to TechCrunch, saying that along with a “more flexible employee work location policy,” the company has changed its corporate headquarters from Redwood Shores, California, to Austin. “We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work.”
A spokeswoman declined to answer more questions related to the move, but Oracle says that “many” of its employees can choose their office location, as well as continue to work from home part time or full time.
HPE and Oracle aren’t the first major tech companies to plot such moves in recent times. Late last year, the brokerage giant Charles Schwab said it was leaving the Bay Area for Texas as it was announcing its $26 billion merger with TD Ameritrade, though it chose Dallas, about 200 miles away from Austin.