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Oracle Sees The Future

May 2, 2024
One company leaving Texas, while many others are attracted to the Lone Star state, is Oracle.

One company leaving Texas, while many others are attracted to the Lone Star state, is Oracle. 

After moving from Silicon Valley to Austin, TX in 2020, the company now is poised to move to Nashville, according to several reports, including the Austin American Statesman

"During a conversation with former U.S. Senate Majority Leader Bill Frist, Ellison said the world's second-largest tech company is developing a health campus in Nashville that will “ultimately be our world headquarters," according to reporting by The Tennessean, part of the USA TODAY Network."

"In Nashville, Oracle is developing a 70-acre property on the city's downtown riverfront. Oracle officials have previously said the Nashville and Austin campuses will both be U.S. headquarters locations, according to The Tennessean. The company pledged to create 8,500 jobs by 2031 as part of a $1.35 billion office development in Nashville, according to the Nashville Business Journal.”

Other reports indicate that perhaps the definition of headquarters is changing.

"Documents show that when Oracle moved its headquarters, many employees didn’t follow. Oracle still has more office workers in California, where the company was founded and based for decades, than in Texas. About 6,900 workers are assigned to California offices, nearly triple the 2,500 employees assigned to those in Texas, according to internal documents seen by Bloomberg,” reports Yahoo! Finance.

"And Oracle’s largest chunk of US employees aren’t assigned to any office at all. Roughly 37,000 US staffers are classified as remote workers. That includes Chief Executive Officer Safra Catz, who is listed as a “home worker” in Florida. Ellison, a co-founder and the company’s chief technology officer, is known to spend significant time in Hawaii, where he owns the island of Lanai. It couldn’t be determined which states the other remote workers live in,” the Yahoo! article reported. 

David Harrison