Oracle’s shift of resources away from California dates at least to 2018. That year, Oracle opened a campus in Austin, featuring an on-site apartment building for employees, in an effort to recruit a younger and less costly workforce.

                               

Oracle Corp. said it has moved its headquarters to Texas, from its home state of California to give employees more flexibility on where they do their jobs.

The move to Austin from Redwood City “means that many of our employees can choose their office location as well as continue to work from home part time or all of the time,” Oracle said Friday in a regulatory filing. The company will continue “to support” its other US office locations in Santa Monica, California, Seattle, Denver, Orlando, and Burlington, Massachusetts, according to the filing.

Started in 1977, Oracle has been a foundational company in Silicon Valley and its silver-blue cylindrical buildings in Redwood City, visible from US Highway 101, are the rare landmark in the otherwise sprawling region. It follows other tech innovators in de-emphasizing their California roots. Server maker Hewlett Packard Enterprise Co. said December 1 that it would move headquarters to a Houston suburb, where it is building a new campus. Palantir Technologies Inc. has relocated to Denver this year, from Palo Alto, California.

Tesla Inc. founder Elon Musk said this week that he’s moved to Texas to focus on big projects under way for Tesla as well as Space Exploration Technologies Corp., which he also runs. He previously moved his private foundation, which was based in California, to Austin. Moving carries enormous tax implications for high net worth individuals. Texas has no personal income tax, while California imposes the highest personal income levies in the nation on its richest residents.

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