Real Estate

Oracle is moving its headquarters from Silicon Valley to Austin, Texas

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An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019.

Tom Brenner | Reuters

Oracle is the latest tech company to move its headquarters out of California. The company said on Friday it’s moving its headquarters from the 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…



Source cnbc.com

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