A series of large technology companies withdrew from Silicon Valley

12/12/2020 21:56 GMT + 7

Oracle is the next name confirmed to move its headquarters from Silicon Valley to Austin, Texas.

As soon as the news that Congressman Kyle Biedermann proposed separating Texas from the US, many big tech companies made unexpected moves, including Tesla and Oracle.

An Oracle spokesperson confirmed: “Oracle is implementing the office location policy for more flexible employees and moving its headquarters from Redwood, California to Austin, Texas. We believe these measures will help Oracle grow better and give our employees a better job thanks to the flexibility of location and working methods ”.

Oracle said that a large portion of employees can choose their own office location, and they can continue to work part-time or full-time at home. “In addition, we continue to support major Oracle centers around the world, including Redwood, Austin, Santa Monica, Seattle, Denver, Orlando and Burlington in the US”.

Oracle is one of Silicon Valley’s most famously successful companies. Oracle was founded in Santa Clara, California in 1977 and moved to its current headquarters in 1989. The appearance of several buildings in Oracle Park is cylindrical, which is a classic symbol of internal database design. Computer systems, and database products are also the cornerstones of Oracle.

The COVID-19 pandemic provided a reason for many tech companies to leave California. Earlier this month, the company announced it would move its headquarters from San Jose, California to Houston, Texas. Earlier, data analytics company Palantir also announced the move of its headquarters from Palo Alto, California to Denver, Colorado.

Tesla and SpaceX CEO Elon Musk this week also confirmed that while the company’s main business is still in California, he himself moved to Texas. CEO Tesla predicts that California’s influence on the world industry is waning, so he started building a new factory in Austin and will move the company to Texas in the near future.

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