Oracle is the latest tech company to leave California packing up in Silicon Valley in a move to Austin, Texas.

"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," a spokesperson for Oracle said.

Its being reported that the company plans to allow the majority of its employees to choose their office location, or continue to work from home part or full 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," Oracle said. "By implementing a more modern approach to work, we expect to further improve our employees' quality of life and quality of output."

Hewlett Packard Enterprise announced it will relocate from San Jose, California, to Houston, Texas. Palantir Technologies also moved its headquarters to Denver, Colorado from Palo Alto, California. Tesla and SpaceX chief Elon Musk also confirmed that he moved to Texas, though his companies still maintain their major operations in California**.** Larry Ellison, Oracle's co-founder and chairman is reported to have relocated to Hawaii.

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