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Add Oracle to the list of tech companies that have moved their headquarters from Silicon Valley to Austin.
The software behemoth listed its principal executive office location as Austin on its third quarter report to the U.S. Securities and Exchange Commission.
Bloomberg first reported the news, and an Oracle spokesperson confirmed the move to CNBC on Friday.
BREAKING: Oracle just announced they have moved their Headquarters to Austin. Texas is truly the land of business… https://t.co/apGoOZCQVr— Greg Abbott (@Greg Abbott)1607724310.0
In addition to relocating its headquarters from Redwood City, California, to the Texas capital, Oracle is also implementing a more flexible employee work location policy, which many of its employees to choose their office location and whether they would like to continue to work from home, either full- or part-time.
Oracle opened its Austin campus—a sprawling half a million-square-foot facility on East Riverside Drive that will now serve as its corporate headquarters—in 2018.
Welcome home, Oracle! Austin yet again contributing to economic development in Texas. https://t.co/E4o79deGZd— Mayor Adler | 😷wear a mask. (@Mayor Adler | 😷wear a mask.)1607726157.0
The tech company is not alone in its recent migration east.
Billionaire CEO Elon Musk announced earlier this week that he had moved to Texas from California. He has also threatened to relocate the headquarters of his electric car company, Tesla after clashes with local and state officials in California over pandemic restrictions.
"I do think that there is something that happens … if a team has been winning for too long," Musk told the Wall Street Journal on Tuesday. "They do tend to get a little complacent, a little entitled, and then they don't win the championship anymore. So California's been winning for a long time."
Hewlett Packard Enterprises announced earlier this month that it would relocate its headquarters from San Jose to Houston.
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First score made by LAFC. (Sonia Garcia/Austonia)
Austin FC couldn't find the stamina to fight off a 2-0 loss against LAFC for their inaugural match on Saturday.
The match, which saw No. 21 Austin FC go head-to-head with No. 2 LAFC in Los Angeles, was broadcast nationally on FOX and FOX Deportes.
Salute the support. 👏
It's only the beginning for @AustinFC. pic.twitter.com/TduorqYr2y
— Major League Soccer (@MLS) April 18, 2021
Eleven players took the stage as Austin FC players for the first time, with five starters making their MLS debut. "Ringleader" Alex Ring took the captain's armband and wore it well. The defensive midfielder could be seen leading his teammates through their first ever match, but it wasn't enough to stage an Austin takeover in LA.
In the signature style of Head Coach Josh Wolff, the team played with quickness and intensity, nearly connecting on several fast breaks. It was harder for them to stay in front, however, something that Wolff credits with quick decision making and a tough LAFC defense.
"We have a quick attacking team, but I think when you make quick attacks and it fizzles it's just about some decision making," Wolff said. "Are we in position to finish attacks? If not, can we reestablish our attack and get stuff better?"
The club was given some generous breaks from No. 2 LAFC, who had one or both of their star DPs out for the half. While forward Diego Rossi is out for the entire match due to a hamstring injury, Carlos Vela was accidentally pulled too soon on what turned out to be a miscommunication.
"He gave us the sign that he needed to come off," LAFC Head Coach Bob Bradley said on broadcast. "I can't say more than maybe it's my fault."
LA pulled some dramatics and slowly gained more possession throughout the half, but ATXFC's defense wasn't initially as shaky as it seemed in preseason. Jhohan Romana has pulled his weight in getting the ball out of goal, and a 34-year old Matt Besler held his own in center back.
As the second half commenced, however, it became clear that LAFC had the advantage over Austin's first major league team.
Goalkeeper Brad Stuver had his work cut out for him, fending off 24 shot attempts, 11 of which were on goal. He didn't have much time to prepare, either: in the first 30 seconds of play, Stuver had already made a save to keep the match 0-0.
LAFC finally connected in the 61st minute of play as Corey Baird shot one into the bottom right corner. The team capitalized off their momentum and put one past Stuver a second time, drawing roars of approval from the LAFC crowd.
While some last-minute attempts from Jon Gallagher and others were made, Austin FC didn't have the endurance to bring a tie. After seven additional minutes of stoppage time, the club lost their first match 2-0.
While the scoreboard tells one story, Wolff said that the team did well considering the skill of LAFC and the pressure of their club debut.
"We've got to be realistic," Wolff said. "This is the first time this organization has been in front of TV with an opportunity to show itself and I think there were some promising moments. And we're going to maximize those and continue to try to develop those, but there's lots to build on."
The team may have lost, but it still won the support of thousands of Verde fans, dozens of which made it to watch their team's first match. When Stuver and the team made it to bthe stadium, Los Verdes fans were already there to show support, and Stuver said his wife saw the same back in Austin.
"The moment that we pulled into the stadium, we saw Black and Verde fans cheering us on as we got to the stadium," Stuver said. "During warm up, you can just look around and see different groups sitting in different sections of the stadium and it's just truly amazing to see the support in our first game. We know that we want to give the fans everything, because this we play for the city and we play for them."
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