A day soon after reporting superior-than-expected fiscal Q2 effects, and featuring an upbeat choose on its enterprise, database large Oracle said it will move its headquarters from Silicon Valley to Austin, Texas, in accordance to a report this night by CNBC’s Jessica Bursztynsky, citing a organization spokesperson.
Oracle cites adaptability of worker function as the motive, notes Bursztynsky:
“Oracle is employing a more flexible worker do the job site policy and has transformed its Corporate Headquarters from Redwood Town, California to Austin, Texas. We think these moves very best posture Oracle for expansion and deliver our personnel with much more overall flexibility about wherever and how they work,” a spokesperson confirmed to CNBC.
“In addition, we will keep on to assistance big hubs for Oracle all over the world, including these in the United States this sort of as Redwood City, Austin, Santa Monica, Seattle, Denver, Orlando and Burlington, among the many others, and we assume to add other spots in excess of time,” Oracle stated. “By implementing a more present day technique to operate, we be expecting to even further increase our employees’ high quality of life and top quality of output.”
The gleaming green, cylinder-formed towers bearing the Oracle logo have been a signature impression on the Silicon Valley landscape for many years. The campus is at times referred to as The Emerald Town.
Oracle’s announcement follows Tesla CEO Elon Musk this week declaring that he has personally moved to Texas.
It also follows Hewlett Packard Enterprise’s announcement a week and a 50 % ago that it designs to transfer its headquarters from another Silicon Valley city, San Jose, California, to Houston, Texas, citing equivalent motives of adaptability