Oracle the Latest Company to Leave California and Move to Texas

John Galt

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Oracle is moving its headquarters from Silicon Valley to Austin, Texas (cnbc.com)

Oracle is the latest tech company to move its headquarters out of California. The company said on Friday it's moving its headquarters from Silicon Valley to Austin, Texas.

“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,” a spokesperson confirmed to CNBC.

Bloomberg first reported the move.

A bulk of employees can choose their office location, or continue to work from home part time or full time, the company said.

“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,” Oracle said. “By implementing a more modern approach to work, we expect to further improve our employees’ quality of life and quality of output.”

Oracle is one of Silicon Valley’s older success stories, founded in Santa Clara in 1977. It moved into its current headquarters in 1989. Several of the buildings on its campus there are constructed in the shape of a squat cylinder, which is the classic symbol in computer systems design for a database, the product on which Oracle built its empire.

The coronavirus pandemic has given a number of tech companies and prominent Silicon Valley figures an excuse to exit California. Hewlett Packard Enterprise announced earlier this month that it will relocate its headquarters from San Jose, California, to Houston, Texas. Data analytics software company Palantir Technologies also moved its headquarters to Denver, Colorado from Palo Alto, California, earlier this year.

Tesla and SpaceX chief Elon Musk also confirmed this week that he moved to Texas, though his companies still maintain their major operations in California. Larry Ellison, Oracle’s co-founder and chairman, serves on Tesla’s board. Ellison has a longstanding friendship with Michael Dell, whose computer company was founded and remains headquartered in the Austin area.
 


WhoFellDownTheGopherHole?

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The liberation of Texas continues!


"Oracle

Democrats - $785,882 (67%), Republicans - $380,240 (33%)

Oracle employees showed the biggest swing to the left among big tech companies.

Larry Ellison, Oracle’s co-founder and chairman, is a Trump supporter, and CEO Safra Catz was on his presidential transition team in 2016. Four years ago, just over half of employee money went to Republicans, and just under half in 2018.

But employees are now favoring Democrats in a big way. Sanders, Warren and Biden are the leading recipients of money from Oracle employees, and McGrath leads among Senate candidates
."
 





John Galt

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California’s corporate tax rate is 9%, so Oracle will save about $1.3 billion in taxes annually due to this move. With the 21% corporate tax rate, they had been paying about 30% total between federal and state, as opposed to 44%! combined when federal rates were at 35%.
 





Section2

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The liberation of Texas continues!


"Oracle

Democrats - $785,882 (67%), Republicans - $380,240 (33%)

Oracle employees showed the biggest swing to the left among big tech companies.

Larry Ellison, Oracle’s co-founder and chairman, is a Trump supporter, and CEO Safra Catz was on his presidential transition team in 2016. Four years ago, just over half of employee money went to Republicans, and just under half in 2018.

But employees are now favoring Democrats in a big way. Sanders, Warren and Biden are the leading recipients of money from Oracle employees, and McGrath leads among Senate candidates
."
Oracle employees are probably going to work from home, like a LOT of companies. That is going to cause a HUGE migration in the US. You can live almost anywhere and work for any company.

So what’s probably going to accelerate is corps relocating for tax reasons. Moving tax bases out of liberal states. And probably employees as well. Couple that with cities with huge unrest and crime problems in downtown areas. These states have huge liabilities and debt, tax base dwindling, pandemic exacerbating everything, productive citizens leaving. This is clearly a huge win for progressives and their management of cities and states.
 

John Galt

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Oracle employees are probably going to work from home, like a LOT of companies. That is going to cause a HUGE migration in the US. You can live almost anywhere and work for any company.

So what’s probably going to accelerate is corps relocating for tax reasons. Moving tax bases out of liberal states. And probably employees as well. Couple that with cities with huge unrest and crime problems in downtown areas. These states have huge liabilities and debt, tax base dwindling, pandemic exacerbating everything, productive citizens leaving. This is clearly a huge win for progressives and their management of cities and states.
But there will be more blue states and they can pass all this great legislation that will save us.
 

Go4Broke

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Houston Chronicle: Texas is still red, but its growing blue spine could soon prove 'insurmountable' for Republicans

Texas remains a red state, but the 2020 presidential election showed again that there is a blue spine running through it. And it’s growing.

For the third consecutive election cycle, Democrats saw their advantage over Republicans grow in the 21 counties along Interstate 35, allowing them to further chip into the Republican dominance that has lasted for nearly three decades.

The result was Joe Biden won over 46 percent of the vote in Texas, joining Texas native Lyndon Johnson and Jimmy Carter as the only Democrats to get over 45 percent of the vote in Texas in a presidential race in 56 years.
 

GoodasGold

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Is GW still cutt’in brush down there y’all?
 



Wally

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Liberals are moving to Texas to avoid paying taxes? At least you’re honest.

Yea I said that. 🙄🙄🙄
I think the cost of housing is really why people would move, not the taxes.
Most companies don't pay anywhere near the stuatory tax rate.

You give up a lot being in Austin vs Cali, Ocean, mountains, perfect weather. You still get the very liberal city tho. Funny how they all move to the most liberal place in Texas.
 

saintpaulguy

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Austin weather may be better than Santa Clara weather if you you prefer sunshine and heat. Austin is pretty green too, if you like to have a lawn and a garden. I love the Bay Area, and have family there. Travel there often. But there are 50 year olds earning 6 figures who have no prayer of home ownership.
A lot of people like having space for a swing set for their kids. I think this is a big driver.
 




Costa Rican Gopher

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Austin weather may be better than Santa Clara weather if you you prefer sunshine and heat. Austin is pretty green too, if you like to have a lawn and a garden. I love the Bay Area, and have family there. Travel there often. But there are 50 year olds earning 6 figures who have no prayer of home ownership.
A lot of people like having space for a swing set for their kids. I think this is a big driver.

Kids are a symbol of the racist, Western patriarchal family dynamic. These people are literally worse than Hitler.

 


saintpaulguy

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Rainbow Play Systems are really weapons caches waiting for a signal from Q.
 

Wally

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Progressive poster cheers billion dollar corporation moving to avoid taxes.


I don't live in CA, why would I care? lol

Texas going blue would just crush the Republican party then maybe it could be reborn or replaced with a sane party.
Big picture....
🤣🤣🤣
 


Ogee Oglethorpe

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Whooops! There goes another one....

Tesla to Move Headquarters from CA to Texas

Political incompetence and a massive increase in welfare state/homelessness driving more and more revenue OUT of California. Watch closely for how the rest of the country is forced to pick up the slack
 

GopherJake

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Yeah. Shut CA down already. Who would want to live there? Oh yeah, that's right. Enough people to make it the 5th largest economy in the world. Were it a country.
 

Ogee Oglethorpe

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Yeah. Shut CA down already. Who would want to live there? Oh yeah, that's right. Enough people to make it the 5th largest economy in the world. Were it a country.
Is it your contention that the housing markets being overwhelmed in probably half a dozen western states or more by a massive influx of CA escapees is a myth, a mirage? A fabrication of someone's imagination? I sure hope that's not what you're saying because I'm living it in two different states; they can't get out fast enough
 

GopherJake

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I'm saying:

a) CA ain't gunna shut down if a small percentage leave because housing prices have gotten completely out of control because it's still a fucking awesome place

b) Rs shouldn't be celebrating, because wherever Californians relocate to becomes more blue

c) I forgot what eight was for.......
 

Ogee Oglethorpe

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I'm saying:

a) CA ain't gunna shut down if a small percentage leave because housing prices have gotten completely out of control because it's still a fucking awesome place

b) Rs shouldn't be celebrating, because wherever Californians relocate to becomes more blue

c) I forgot what eight was for.......
Trust me, I am most certainly not celebrating that fact, other than it's driving up the value of my property (at least until it crashes). Roughly 25% of the casino money in southern NV comes from CA, I'm fine with them continuing to bring their money and leaving it here. Keep it coming.

As far as them making other states more blue, I've heard that possibility but that would be making the assumption that they are dumb enough to bring with them the politics that drove them out of CA in the first place. The escapees on my street in Arizona are most definitely NOT bringing blue politics with them. It's an interesting phenomenon, interesting talking to them for a while; they've figured it out, why they left in the first place, no doubt about it.
 


John Galt

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Yeah. Shut CA down already. Who would want to live there? Oh yeah, that's right. Enough people to make it the 5th largest economy in the world. Were it a country.
The trend is what’s relevant. Not the past.
 




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