Oracle moves headquarters from Silicon Valley to Austin

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.

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.

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.