Oracle is moving its headquarters from the San Francisco area to Austin, a spokesperson confirmed to Protocol. It's part of a broader company policy change around where employees can work.
"Many of our employees can choose their office location as well as continue to work from home part time or all the time.," the company said in a statement. "We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work."
Oracle opened its Austin office in 2018. The 560,000-square foot facility can house 10,000 employees and includes a Starbucks and a flag football field.
The decision follows Elon Musk's move to an undisclosed city in Texas, though Tesla remains headquartered in California. HP Enterprise also recently pivoted its headquarters from San Jose to Houston.
Companies across corporate America are grappling with their real estate footprints after the pandemic forced most employees to work remotely. Still, Oracle is a major presence in the region, with thousands of employees previously working out of its 60-acre, Redwood City headquarters. It includes a 50,000-square foot gym and six office towers.
That California office will likely still serve as a critical meeting spot for the company. Oracle, for example, previously purchased the close-by San Mateo Marriott Hotel for $132 million for additional event space.