Key sentence:
- We assume these moves best position Oracle for growth and provide our personnel with more flexibility about where including how they work.
- Oracle is shifting its headquarters from Redwood Shores in Northern California towards Austin.
- Elon Musk, the lively entrepreneur, announced his move to Texas this week.
- Musk explained the move by claiming that he wanted to be closer to two of his biggest projects.
On Friday, business computing company Oracle said that it is leaving Silicon Valley for Texas as it follows a remote working model that the pandemic has made popular.
As Oracle official stated:
“We assume these moves best position Oracle for growth and provide our personnel with more flexibility about where including how they work, “We believe that these change Oracle’s best position for development and give our staff more flexibility regarding where and how they work.
“According to their role, this implies that many of our workers can choose their office location and also continue to work from part-time home basis or all the time.”
Oracle is shifting from Redwood Shores Northern California to Austin:
Oracle is shifting its headquarters from Redwood Shores in Northern California towards Austin, which has attracted technology companies for a long time and is host to the South by Southwest Festival, which has an “interactive” section dedicated to internet technologies.
Another day a further global giant is coming to Texas, “Another day another global giant heading to Texas,” “Welcome to its Lone Star State, @Oracle HQ!”In an assortment of US cities, including Austin, Oracle has offices.
Elon Musk announced his move to Texas:
The step of Word of Oracle comes as internet companies that have allowed employees to do their work remotely because of the pandemic, which frees them to recruit workers who live far from offices and leaves businesses less attached to campuses in Silicon Valley.
Elon Musk, the lively entrepreneur, announced his move to Texas this week. After a heated squabble early this year with local authorities, Tesla co-founder, as well as chief executive Musk, stated he left California after forcing one of his auto factories to close to avoid the spread of Covid-19.
The second-wealthiest man in the world:
Texas also provides a lower cost of living as well as no state income tax, all of which could appeal to Oracle & Musk, 49, born in South Africa, who surpassed Bill Gates last month as Tesla stock surpassed ever-greater heights to become the second-wealthiest man in the world.
Musk explained the move by claiming that he wanted to be closer to two of his biggest projects: the production of SpaceX rockets in the southern part of the state by his company, as well as the construction of a Tesla car plant nearby Austin, the state capital.
