The flight from California is accelerating. Let’s just hope that they don’t turn Texas blue in the process.
Tech giant Oracle Corp. said Friday it will move its headquarters from Silicon Valley to Austin, Texas, and let many employees choose their office locations and decide whether to work from home.
The business software maker said it will keep major hubs at its current home in Redwood City, California, and other locations.
‘We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work,’ the company said in a regulatory filing.
This month, Hewlett Packard Enterprise, one of the early companies in Silicon Valley, said it will move to the Houston area and build a campus with two five-story buildings by 2022.
‘HPE’s largest U.S. employment hub, Houston is an attractive market to recruit and retain future diverse talent, and is where the company is currently constructing a state-of-the-art new campus,’ the company said in a statement.
Texas also offers a lower cost of living and no state income tax, both of which may appeal Oracle as well as South Africa-born Musk, 49, who overtook Bill Gates to become the world’s second-wealthiest person last month as Tesla stock reached ever-greater heights.
I would point out that there is nothing stopping Wisconsin from attracting businesses like this. It’s a choice.