[ April 25, 2024 ]
Tech companies are leaving the once Golden State in droves for Texas. Meanwhile Goldman Sachs will likely be bailing on New York for Florida in the coming months as well. Dreadful and radical governance has serious consequences. Like turning once prosperous states into economic wastelands.
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.
— Greg Abbott (@GregAbbott_TX) December 11, 2020
Oracle moving from California to Texas, joins Tesla, Hewlett Packard
Story continues below advertisementBy Fox News, December 11, 2020
The smart money may be sticking together and sticking it to California.
Oracle is joining Tesla and Hewlett Packard in relocating to Texas, detailing the move in a filing with the Securities and Exchange Commission late Friday.
“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. 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” the SEC filing noted.
While the move signals working remotely is here to stay, it also signals more corporations could be becoming disillusioned with California.
Oracle CEO Larry Ellison is the second-largest individual shareholder in Tesla behind CEO Elon Musk and sits on the electric-vehicle makers board. Last summer, Tesla chose Austin for its new factory, after considering other cities including Tusla, Oklahoma.
Earlier this week Musk blasted California for driving a corporate exodus, likening the state to a sports team that is used to winning and has grown complacent.
California, like a winning sports team that “has been winning for a long time,” has taken innovators for granted, Musk said, adding, “Yo
u have a forest of redwoods and the little trees can’t grow.”
Musk made the comments in an interview with the Wall Street Journal published on Tuesday. In the interview, Musk revealed that he personally had moved to Texas after growing frustrated with the Golden State.
Earlier this month, Hewlett Packard also announced it was moving its headquarters to Houston.
“HPE has made the decision to relocate its headquarters from San Jose, California, to Houston, Texas. HPE’s largest U.S. employment hub, Houston is an attractive market to recruit and retain future diverse talent, and is where the company is currently constructing a state-of-the-art new campus. The Bay Area will continue to be a strategic hub for HPE innovation, and the company will consolidate a number of sites in the Bay Area to its San Jose campus. No layoffs are associated with this move.”
The Truth Must be Told
Your contribution supports independent journalism
Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.
Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.
Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.
Please contribute here.
or
Make a monthly commitment to support The Geller Report – choose the option that suits you best.
Quick note: We cannot do this without your support. Fact. Our work is made possible by you and only you. We receive no grants, government handouts, or major funding.Tech giants are shutting us down. You know this. Twitter, LinkedIn, Google Adsense, Pinterest permanently banned us. Facebook, Google search et al have shadow-banned, suspended and deleted us from your news feeds. They are disappearing us. But we are here.
Subscribe to Geller Report newsletter here— it’s free and it’s essential NOW when informed decision making and opinion is essential to America's survival. Share our posts on your social channels and with your email contacts. Fight the great fight.
Follow Pamela Geller on Gettr. I am there. click here.
Follow Pamela Geller on Trump's social media platform, Truth Social. It's open and free.
Remember, YOU make the work possible. If you can, please contribute to Geller Report.
Join The Conversation. Leave a Comment.
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spammy or unhelpful, click the - symbol under the comment to let us know. Thank you for partnering with us to maintain fruitful conversation.
If you would like to join the conversation, but don't have an account, you can sign up for one right here.
If you are having problems leaving a comment, it's likely because you are using an ad blocker, something that break ads, of course, but also breaks the comments section of our site. If you are using an ad blocker, and would like to share your thoughts, please disable your ad blocker. We look forward to seeing your comments below.
18 Comments
3 years ago
3 years ago
Reply to
Lunch_Money
Caca-lifornia will be a 3rd world hell hole soon. New York Shitty is next.
3 years ago
I just hope CA and NY implode fast enough that the current governors are still in office to reap the benefits.
3 years ago
why would any company move to houston? it’s full of blacks that escaped from hurricane katrina and crime is high
3 years ago
Reply to
Chris
Blacks aren’t a problem. Given jobs ,education and motivation they will make good citizens. Do not let Democrats spew their racist rhetoric with handouts to prevent them from working.
3 years ago
and they bring the dimokkkrat voters with them.
3 years ago
When all of the companies move out of calimexistan how can the moronic libturd criminals claim that calimexistan has the 5th largest economy? They are afraid to state the debt that the state has though!!!!
3 years ago
And with them the liberal desease will move too and transformation of TX will conclude.
3 years ago
Reply to
Leota 25
I was about to say, many of these companies will be taking their leftist politics with them.
3 years ago
If you own restaurant bar in California, you have to buy your beer and liquor from state approved vendors, no joke. Consider how much lower food prices would be if the regulators would quit putting the shackles on the farmers of the San Joaquin Valley where I live. At every turn the cost of farming goes up and it is passed on to the consumer. As these high dollar companies leave along with many more small companies, people will come to realize from this quote rings true – Margaret Thatcher — ‘The problem with socialism is that you eventually run out of other people’s money.’ Areas of California are already like nasty places in Mexico, and the ones that are going to stick it out in the hills and the country are ready to “self police” to protect their life and liberty. You can be sure the MSM will not report of the consequences of de funded law enforcement that is on the horizon and when it finally occurs. It’s already ugly here in California and with a full one party rule nothing will change possibly never again.
3 years ago
This is a big tech trickle that could easily escalate into a major exodus. The pandemic has exposed just how expensive skilled labor in CA is. Within 5-10 years, CA will be drowning in debt, shrinking revenue, and the largest welfare population in America. Newsom and his cabal of reckless Lefty Elites will bail before the sh*t hits the fan.
3 years ago
Reply to
Worsethanitlooks
Sad, but creepy Biden will allocate tax dollars from Red states and give them to blue states.
3 years ago
The businesses are welcome; the Californians coming with them are not.
3 years ago
Reply to
figaro86
These companies should have a litmus test for employees that want to follow these companies. If you voted for Obama, Clinton, or Biden stay back in the sh!thole state you created. Period, we don’t want their pollution.
3 years ago
This may not be good for TEXAS. Seems the cities at least one of these companies is going to is a Democratic/Liberal/Socialist bastion. Austin. Texas needs to make sure these companies leave their California politics IN CALIFORNIA. Texas doesn’t need more political division.
3 years ago
But that’s not great news because all those fleeing Democrat Hellholes will elect the same type of people in Red States & then turn them into Democratic hellholes.
Texas is already slowly turning blue.
Parasite mentality moving on to a new place to exploit— results won’t be THEIR fault when they want to leave again.
