Oracle announced that it has moved its headquarters to headquarters in Stin, Texas, becoming the latest tech company to exit the San Francisco Bay Area. Bloomberg First reported Friday.
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There is no state income tax in Texas, while California, by contrast, is known for high taxes and strict regulatory policies.
What they are saying: An Oracle spokesperson said: “We believe this move is the best position for Oracle to grow and provide our employees with more flexibility about where and how they operate.” CNBC.
- The company also said it allows most employees to choose what they want to work from the office, or if they continue to work from home.
- “[W]E will continue to support major centers for O Recall around the world, including Redwood City, Austin, Santa Monica, Seattle, Denver, Orlando and Burlington in the United States, and we expect to add other locations over time. “
- “By applying a more modern approach to work, we expect to further improve the quality of life of our employees and the quality of output.”
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