Oracle joins Silicon Valley’s Texas exodus

Enlarge / Oracle's previous headquarters in Redwood City, California. (credit: David Paul Morris/Bloomberg via Getty Images)

Oracle is moving its global headquarters from Silicon Valley to Austin, Texas, the company announced in a filing with the Securities and Exchange Commission.

"Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California, to Austin, Texas," Oracle wrote in its quarterly SEC filing. "We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work."

The company will continue to maintain an office at its previous headquarters in Redwood City, California, and other offices around the country. Oracle has 135,000 employees.

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