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Chronicles

The story behind the story

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Oracle says it is moving its corporate headquarters from Redwood City, CA to Austin, TX and will implement “a more flexible employee work location policy”

Jessica Bursztynsky / CNBC :

CNBC Jessica Bursztynsky

Discussion

  • @gregabbott_tx Greg Abbott on x
    BREAKING: Oracle just announced they have moved their Headquarters to Austin. Texas is truly the land of business, jobs, and opportunity. We will continue to attract the very best.
  • @pschwarzenegger Patrick Shriver on x
    At what point will California learn... becoming one of the worst states to operate a small biz // large biz. Texas continues to benefit off CA diminishing return tax plans.... https://twitter.com/...
  • @ahmalcolm Andrew Malcolm on x
    Tesla leaves. Now, Oracle is moving its headquarters from Silicon Valley to Austin, Texas https://www.cnbc.com/...
  • @tedcruz Ted Cruz on x
    In the last 90 days, Oracle, HP, and Tesla ALL announce major moves to Texas. California Dem politicians: https://twitter.com/...
  • @nydailynews @nydailynews on x
    Oracle to move headquarters to Austin, will allow for remote work https://www.nydailynews.com/ ...
  • @susanlitv Susan Li on x
    The trend is accelerating #hightax #SiliconValley exodus 👇 #Oracle #hewlettpackard #ElonMusk https://twitter.com/...
  • @weidekarsten Karsten Weide on x
    First, 10%+ of SFs population leave. Then, small businesses die. Then, VCs leave. Then, startups. Then, @elonmusk. Then, @HPE. Now, @Oracle. Sky-high prices & a collapsing tax base. Fanciful, onerous rules. Crime spikes. Terrible traffic. Homelessness. Let's end bad governance. h…
  • @timdraper Tim Draper on x
    #wakeupCalifornia. Schwab, Tesla, HP, Elon Musk, Oracle.... How many more jobs will we lose before the union bosses and their politician puppets take their political boots off our necks? #deregulate #detaxify #lovebusiness #freedom #bravery #unlockdown https://www.cnbc.com/...
  • @giancarlosopo Giancarlo Sopo on x
    Great, but leave California's policies behind. https://twitter.com/...
  • @techinsider @techinsider on x
    What's the deal with Big Tech and Texas? @Oracle is moving its headquarters from Redwood Shores, California, to Austin, Texas. The move is the latest in a string of tech giants fleeing Silicon Valley for the Southern state. 👇 https://www.businessinsider.com/ ...
  • @caseynewton Casey Newton on x
    What is San Francisco going to be like now that it is losing the thing that makes it special (Oracle's headquarters being located in Redwood City)?
  • @balajis @balajis on x
    And other multibillion dollar tech companies have gone full remote. We're entering the next phase, what we've been building towards over the last few decades: a global two-sided marketplace of technologists and policymakers. Go where we're welcome, leave where we're not. https://…
  • @hydnbrwn Hayden Brown on x
    Remote work is literally changing our business landscape, but what I'm seeing is the megatrend of remote work unleashing the independent talent economy. The more we got remote, the more the independent talent market expands. This is inning 0.5 https://www.bloomberg.com/...
  • @primalpoly Geoffrey Miller on x
    Important point: if the entire class of people who could potentially work remotely is suddenly allowed to work remotely, they can move anywhere on the planet. Nations & states will have to compete much harder for their physical presence. Big implications for governance. #exit htt…
  • @mickey_mccauley John Miguel McCauley on x
    as a Northern California Democrat, I would feel so trolled if a bunch of aggrieved billionaires moved their tech companies to Texas, simultaneously easing housing prices in the Bay Area and transplanting thousands of college-educated cosmopolitan liberals to a swing state. https:…
  • @edzitron Ed Zitron on x
    Austin is gonna become extremely annoying very soon https://twitter.com/...
  • @ariellec Arielle Castillo on x
    Tech companies moving to Austin is literally the plot of ‘Office Space’ (1999) - why is anyone shocked by this https://twitter.com/...
  • @derekjandersen Derek Andersen on x
    How many slaps to the face is it going to take for the state of California to wake up? https://twitter.com/...
  • @ryanqualtrics Ryan Smith on x
    2020:The dismantling of super cities happening in plain sight. https://twitter.com/...
  • @patrickbetdavid @patrickbetdavid on x
    Another fortune 100 leaving California for Texas. 👇🏽 https://twitter.com/...
  • @austen Austen Allred on x
    Where will innovation in the Bay Area come from now? https://twitter.com/...
  • @jasonbuttrill Jason Buttrill on x
    The Lone Star State will have them all pretty soon. https://twitter.com/...
  • @kassandrakitson Kassie on x
    This is like the third huge company to come here. Austin is about to be insufferable https://twitter.com/...
  • @bradhuston John Tuld on x
    We need Californians to read Atlas Shrugged. https://twitter.com/...
  • @aghamilton29 @aghamilton29 on x
    Many more to come... https://twitter.com/...
  • @quinnypig Corey Quinn on x
    Oof. This has the potential to damage Oracle's sterling reputation for ethical conduct in all things. https://twitter.com/...
  • @chamillionaire @chamillionaire on x
    👏🏾👏🏾 👏🏾 Open the Texas flood gates... https://twitter.com/...
  • @diaryofamademan Ian Balina on x
    Tech exodus is just starting... https://twitter.com/...
  • @sentedcruz Senator Ted Cruz on x
    Great to welcome another company from Silicon Valley to Texas! @Oracle will be an excellent addition to Texas' thriving technology sector & a welcome job creator for Texans. https://www.cnbc.com/...
  • @mattjay Matt Jay on x
    Think I'll hold on to my real estate downtown a few more years. https://twitter.com/...
  • @carnage4life Dare Obasanjo on x
    Oracle moving HQ to Austin isn't as interesting as the fact employees can choose their office location,or continue to work from home part time or full time. Companies are strongly incentived to replace real estate costs with Zoom licenses. This isn't over https://www.cnbc.com/...
  • @georgepbush George P. Bush on x
    More big news for the Texas economy. As states like California and New York continue to cripple businesses, our state is welcoming them with open arms. Welcome to the Lone Star State, @Oracle. https://www.statesman.com/...
  • @waynevaughan Wayne Vaughan on x
    The Texodus continues. @Oracle moves to Texas. https://www.google.com/...
  • @marcushjohnson Marcus H. Johnson on x
    I wonder how many corporations have to leave California for red states to flip them blue https://twitter.com/...
  • @mattyglesias Matthew Yglesias on x
    Texas GOP better institute a progressive income tax fast before rapid growth of white collar jobs puts Democrats in charge https://www.bloomberg.com/...
  • @alex_danco Alex Danco on x
    This is what they call a Lift and Shift https://twitter.com/...
  • @panzer Matthew Panzarino on x
    Zero employees moving. So what does moving an HQ actually mean? https://twitter.com/... https://twitter.com/...
  • @markhachman Mark Hachman on x
    If this is true, this would be a big deal for the SF Peninsula and Bay Area. https://twitter.com/...
  • @jordannovet Jordan Novet on x
    ‘This is Texas, the prices are like free here.’ Larry Ellison, 2018 https://www.statesman.com/...
  • @film_girl Christina Warren on x
    Another longtime SV stalwart goes to Texas. Larry in Texas. Damn. I mean, I realize Larry isn't actually moving to Texas. Not enough room for his yachts. But damn. https://www.sec.gov/...
  • @arrington Michael Arrington on x
    Congratulations Governor Newsom, you are presiding over the greatest destruction of citizen wealth in the history of California. But at least you'll always have French Laundry. https://www.cnbc.com/... https://twitter.com/...
  • @johnmiddlekauff John Middlekauff on x
    Anytime you can drive your smartest and richest people/companies away you gotta do it. Shocking they'd want to leave with how business friendly California is... real head scratcher https://twitter.com/...
  • @bgalbs Ben Galbraith on x
    🤯 Oracle is for me one of the iconic corporate campuses in the valley. Fascinating. https://twitter.com/...
  • @thekenyeung Ken Yeung on x
    So Oracle OpenWorld goes to Las Vegas and Oracle's headquarters goes to Austin.