The smart money may be sticking together and sticking it to California.
Oracle is joining Tesla and Hewlett Packard in relocating to Texas, detailing the move in a filing with the Securities and Exchange Commission late Friday.
“Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from redwood City, California to Austin, Texas. We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work. Depending on their role, this 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. 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. By implementing a more modern approach to work, we expect to further improve our employees’ quality of life and quality of output” the SEC filing noted.