AUSTIN (Talk1370.com) -- Chalk up another tech company moving its headquarters from California to Austin - this time Oracle.
The company made the move on Friday in a regulatory filing, moving from Redwood City, Calif.
"Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas," the filing said. "We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work."
The company says it will continue to support its existing major hubs around the world, and allow employees to choose an office location as well as continuing 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," the filing continued. "By implementing a more modern approach to work, we expect to further improve our employees' quality of life and quality of output."
Oracle joins a growing number of tech companies fleeing California, including Hewlett Packard Enterprise who announced a move from San Jose, Calif. to Houston earlier this month.
The company opened the initial phase of its campus in Austin in 2018, featuring 560,000 square feet of office space in two buildings. At the time, the company said it had plans to eventually support as many as 10,000 staffers at the 40-acre Austin campus.
Texas Gov. Greg Abbott welcomed the news on Twitter, calling Texas "truly the land of business, jobs, and opportunity." A later statement highlighted the reasons businesses are continuing to move to Texas. "While some states are driving away businesses with high taxes and heavy-handed regulations, we continue to see a tidal wave of companies like Oracle moving to Texas thanks to our friendly business climate, low taxes, and the best workforce in the nation," Abbott said. "Most important of all, these companies are looking for a home where they have the freedom to grow their business and better serve their employees and customers, and when it comes to economic prosperity, there is no place like the Lone Star State."
