Software giant Oracle is relocating its headquarters from Redwood City, California to Austin, Texas. Oracle said the decision was made considering the benefits of the workplace for employees.
Oracle told CNBC that Austin is the best place for Oracle to drive growth and create a more supportive environment for where and how our employees are working.
Several organizations have announced their departure from California in the past few months. Some of these companies have complained that the political environment in California is not business-friendly. Tesla is building a new plant near Austin. Tesla chief Elon Musk has even moved his private residence to Texas.
Earlier this month, HP announced plans to build a 440,000-square-foot campus in Texas.
No comments:
Post a Comment