Your daily dose of Austin
Smartphone image
×
Make your inbox more Austin.
Local news and fun, every day 6am.
Austin thrusts into national spotlight amid tech migration trend
(CC)

Oracle is relocating its company headquarters to Austin from Redwood City, California.

National attention shifted to Austin late Friday afternoon when news broke that Oracle is relocating its California headquarters to Austin.


The shift from Silicon Valley follows a recent trend of tech giants moving to Austin and other parts of Texas, including Tesla founder Elon Musk and Dropbox CEO Drew Houston. The industry's biggest companies are also planning expansion efforts here, including Apple's $1 billion campus under construction in Northwest Austin as well as downtown office acquisitions from Facebook and Google.

But the Oracle announcement prompted the largest response yet, putting Austin into a significant national spotlight. Here is a roundup of reactionary coverage from major news outlets:

    • Employees from Oracle will be in familiar company should they relocate here. Business Insider reports about a Slack channel for founders of early-stage startups who relocated from San Francisco to Austin. The channel had to be capped at 150 users because "there were too many people."
    • The tech industry's movement toward Austin is, in part, caused by the lack of available space to expand in Silicon Valley. Box Inc. CEO Aaron Levie told the Wall Street Journal that his company's Austin office, which opened six years ago, now employs more people than his headquarters in Redwood City, California—the same city that Oracle called home since the 1980s—because "there's a finite space in the Valley."
    • The hyperbole about a tech "exodus" from Silicon Valley may be overblown. Axios talked to major players in the industry who aren't concerned about Texas overtaking the San Francisco area as the center of the tech universe. In fact, data shows that tech growth is still mostly concentrated in coastal cities.

    Popular

    Amid market crash, how is Austin's crypto and Web3 community holding up?

    (Pexels)

    Lately, the crypto market is looking shaky.

    Keep ReadingShow less
    Lifeguard shortage jeopardizes hours at Barton Springs Pool

    Barton Springs Pool is on a condensed schedule while the city tries to fill out its lifeguard roster.

    Keep ReadingShow less