Bay Area technology icon Oracle plans to move its headquarters from Redwood City to Austin, Texas, the company said Friday.
The decision follows an announcement less than two weeks ago that Hewlett Packard Enterprise would shift its corporate headquarters from Silicon Valley to Houston.
Oracle said Friday it was implementing a “more flexible employee work location policy” and changing its headquarters to Austin, where it already has a presence including a lab for computer architecture and performance analysis.
“We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work,” the software giant with 135,000 employees worldwide said in an emailed statement. “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 the time.”
Oracle, founded in Santa Clara in 1977 as Software Development Labs by Larry Ellison, Bob Miner and Ed Oates, said it would continue to maintain “major hubs” in Redwood City as well as in Santa Monica, Seattle, Denver, Orlando and Burlington, Massachusetts.
“By implementing a more modern approach to work, we expect to further improve our employees’ quality of life and quality of output,” Oracle said.
Oracle took its current name in 1982, went public four years later and moved its headquarters to Redwood City in 1989.