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Oracle Moving HQ to Austin

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Re: Oracle Moving HQ to Austin

#131

Post by toyg »

birdyrooster wrote: post #25
rainyMammoth wrote: post #10

How long before all the Californians make Austin the exact same place they fled from?

Average high/low temperatures in the summer for Austin are: June. 92° / 72° July. 96° / 74° August 96° / 74° Average high/low temperatures in the summer for Cupertino are: June. 75° / 55° July. 76° / 58° August 76° / 58° Austin will never, ever be like Silicon Valley because of this. The freedom you get from cooler weather is great from an energy utilization stand point and for allowing safer and more desirable condi…

I agree with most of your post but the last bit is really a non-sequitur. There is no relationship between Oracle fortunes and Californian weather; if there ever was, it has definitely not been a factor for 20 years. What matters is what they buy and how they repackage it. Mainframes are not even on their map, really. Their HQ in California was basically an empty white elephant for years, I believe most of their programmers are in other (lower-cost) countries by now.

Re: Oracle Moving HQ to Austin

#132

Post by lotsofpulp »

908B64B197 wrote: post #88
davidw wrote: post #36

Earlier quoted context omitted.

I'm curious about how it plays out... everywhere. I live in what's being called a "Zoom town", with lots of remote workers who seem to want a smaller town with more outdoor access (Bend, Oregon if you're curious). House prices are going through the roof. But Bend was already hot, and on people's radar. Yesterday I saw an article about housing heating up in Baker City Oregon. This is a small town of 10K people that is…

If I was mayor of a small town I would be rolling out fiber like there is no tomorrow and zoning everything to allow for detached units like these [0]. Interests rates are at their lowest and the rise in property value should more than pay for it. [0] https://www.dwell.com/article/prefab-home-office-accessory-d...

You also have to be in reasonable distance to an airport, Trader Joes/Costco/REI/restaurants/breweries/etc other stores the higher income crowds like, and outdoor activities. Bend happened to have all of these.

Although Bend's internet offerings are extremely sad, and I'm surprised the political power of the tech crowd hasn't forced municipal fiber to be a thing yet.

Re: Oracle Moving HQ to Austin

#133

Post by rayiner »

1helloworld1 wrote: post #18

Shouldn't the republican party be worried? If the trend continues and a lot of companies move from California to Texas bringing along a lot of liberal employees with them, won't that tip the already narrowing margin towards the democratic party?

Yes and no. It makes the electorate a bit more liberal but the Democratic Party more conservative. You saw this happening with the 2020 election. Flipping Georgia and Arizona is good in the sense you win, but now your tipping point voter is a Romney Republican in the Phoenix suburbs: https://www.theatlantic.com/politics/archive/2020/11/gop-wom...

Re: Oracle Moving HQ to Austin

#134

Post by freehunter »

dragonwriter wrote: post #86
vzaliva wrote: post #80

Some people lament the decline of Silicon Vally companies like Tesla and Oracle moving out. I argue it could be a good thing. These giant enterprises are not really a pinnacle of entrepreneurship and innovation anymore. Let them move elsewhere and keep the Bay Area nurturing new entrepreneurs and startups. It is huge cubicle farms vs. garages and coworking places kind of distinction.

Drawing experienced personnel from established firms has, as I understand it, long been a big driver for startups in the region. While some established firms leaving isn’t a problem, if it becomes too common, its a problem for entrepreneurship. OTOH, a few established firms with large campuses leaving also means a lot of space without the usual problems involved available for other established firms that get into lot…

While this is true, there's also a good side to the bigger tech companies leaving, even if it is a lot of them: less wage competition.

If I'm a SV startup I already have problems with office rent, taxes, cost of living, etc. It's expensive to be in the Bay Area. And on top of that, most of the engineers I hire will either be of worse quality than FAANG or I'm going to have to pay them more than FAANG. While this is great for the employees, it's really hard to fit into the budget for many startups and the tradeoff becomes existential when the cost of your engineers starts adding up but you haven't found market fit yet. And the ever-increasing wages being used to draw people from one company to another just keeps making the Bay Area more and more unaffordable so the problem keeps compounding.

It works nicely when there's just one or two big companies to draw employees from, but there's just so many big SV companies now with billions of dollars in their pockets, I don't see how any true startup could possibly compete. If you don't like Google, you go to Uber. Or Facebook. Or Splunk. Or Airbnb. Or Yelp. Or Twitter. Or Facebook. Or Salesforce. Or Workday. Or Juniper. Or Autodesk. Or Nvidia. Or Palo Alto Networks. Or...

There's just too much competition from the billion-dollar companies. Sure innovation and entrepreneurship still happens in SV, but I'd argue it would be better for the area if it were easier for smaller startups to compete.

Re: Oracle Moving HQ to Austin

#135

Post by orliesaurus »

redelbee wrote: post #114
orliesaurus wrote: post #23

I live in Austin, Oracle has a huge campus here that looks as big as an airport building with terminals/gates and all the trimmings. It's a beautiful building that gentrified the whole area, for better or worse. I ate there a couple of times, it's nice inside too! I love biking/walking around the Oracle campus area because they made a bike path and the area is safer than it was before. That being said, I know a coupl…

>I love biking/walking around the Oracle campus area because they made a bike path and the area is safer than it was before. That general area of the Town Lake trail was always my starting point for runs. My favorite “section” was definitely the trail on either side of the dam. I would park in the lot across the lake from the now Oracle campus and start most of my runs there. I ran thousands of miles with that as my…

I live downtown/East facing. It's a shit show now. All the good things like:

- Small bars/businesses

- Parks/Green areas

- Free parking

- Playgrounds

are being deleted from the map one by one

and they're being replaced with: - Hotels/Large apt. complexes

- Huge buildings for big corp/large comp

- Paid parking/parking lots

- New age bars and posh restaurants

- Homeless camps

but it's safer to go out out at night at least...if you stay on the main roads

Re: Oracle Moving HQ to Austin

#136

Post by bch »

filmgirlcw wrote: post #106
satya71 wrote: post #84

Earlier quoted context omitted.

Company still pays most of its taxes in HQ.

And many of those taxes are based on things like now many distinct offices you have for employees. This is one of the reasons we saw the death of private offices and a shift to the whole open workspace bullshit. Because you’d get taxed per office, whether it was being used 5 days a week or not.

Do you mean number of private workspaces that are called an “office” in a building affects how taxes are calculated? So reconfiguring the floors in a corporate building might affect how they file taxes? I’ve never heard of that before...

Re: Oracle Moving HQ to Austin

#137

Post by bihla »

vzaliva wrote: post #80

Some people lament the decline of Silicon Vally companies like Tesla and Oracle moving out. I argue it could be a good thing. These giant enterprises are not really a pinnacle of entrepreneurship and innovation anymore. Let them move elsewhere and keep the Bay Area nurturing new entrepreneurs and startups. It is huge cubicle farms vs. garages and coworking places kind of distinction.

Tesla and Oracle have no similarity in this regard.

Re: Oracle Moving HQ to Austin

#138

Post by TimTheTinker »

dmode wrote: post #66
aaomidi wrote: post #62

Earlier quoted context omitted.

It means less taxes and less strict labor laws.

How does labor law impact anything when everyone is WFH ? Also, do taxes really have anything to do with your HQ location ? All corporations are registered in Delaware.

AFAIK, WFH employees have CA tax obligations when the company HQ is in CA, even if they’re working from other states.

So all non-CA employees have less of a tax burden as a result of the HQ relocation.

Re: Oracle Moving HQ to Austin

#139

Post by adventured »

1helloworld1 wrote: post #18

Shouldn't the republican party be worried? If the trend continues and a lot of companies move from California to Texas bringing along a lot of liberal employees with them, won't that tip the already narrowing margin towards the democratic party?

> Shouldn't the republican party be worried?

There is no stopping Texas turning into a blue (Democrat) state. The demographic changes in the US guarantee that outcome under all scenarios, short of the Republican party rapidly becoming a split Hispanic party. It's the only sustainable path forward for that party, so we'll see if they adjust accordingly or increasingly weaken. The future of the US is Hispanic / Latin American, so either the Republicans will adapt or they'll lose the popular vote by ever greater margins.

Re: Oracle Moving HQ to Austin

#140

Post by jeffbee »

abfan1127 wrote: post #24
ilaksh wrote: post #3

Is _this_ the point where everyone and their grandpa has finally figured out that Austin is cool, and therefore it is automatically not cool anymore? What's the next hip town?

based on the skyrocketing real estate prices in Phoenix, I suspect many Californians are moving to AZ.

About 60k people moved from CA to AZ last year (latest available data), making it the #2 destination.

Of course, California is also by far the largest destination of people who move out of Arizona. They are adjacent states after all and Phoenix is, let's face it, basically in Los Angeles already.

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