Tech company Oracle "has changed its Corporate Headquarters from Redwood City, California to Austin, Texas," according to a filing with the Securities and Exchange Commission on Friday.
Oracle said it is also "implementing a more flexible employee work location policy."
"We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work," the SEC filing said. "Depending on their role, this 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."
"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. By implementing a more modern approach to work, we expect to further improve our employees' quality of life and quality of output."
🔦 Tesla CEO Elon Musk said in May, "Tesla will now move its HQ and future programs to Texas/Nevada immediately." Musk himself just moved to Texas from California.
Also, earlier this month, Hewlett Packard announced its plans to move its headquarters from San Jose, California to Houston, Texas.