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Oracle Moving HQ to Austin

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Re: Oracle Moving HQ to Austin

#61

Post by dionidium »

nordsieck wrote: post #31
rainyMammoth wrote: post #10

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

> How long before all the Californians make Austin the exact same place they fled from? That is a concern. But part of SF's problems is structural: transportation and new construction are constrained by water. That is much less of a concern in Austin.

New construction in San Francisco (and basically everywhere else in the United States) is constrained primarily by policy. If it were legal to build more, then developers would surely build more.

Re: Oracle Moving HQ to Austin

#62

Post by aaomidi »

dmode wrote: post #60
whatok wrote: post #2

Relevant text: Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood City, California to Austin, Texas. We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work. Depending on their role, this means that many of our employees can choose their office location as well as cont…

What does this mean ? What does a HQ mean when people are permanent WFH ?

It means less taxes and less strict labor laws.

Re: Oracle Moving HQ to Austin

#63

Post by hindsightbias »

majormajor wrote: post #50
rainyMammoth wrote: post #10

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

You're confusing supply-and-demand-driven cost of living with liberal vs conservative politics. NIMBYism and desires for high-paying jobs cut across the American political spectrum. (Existing property owners in Austin, however, may be ecstatic if their property is suddenly priced like SF value... but that doesn't mean they're gonna want to relax zoning and increase density and change the shape and character of their…

The locals have been mostly gentrified. There is no Prop 13 in TX, it’s a low-service state, so it all rolls down to property valuation and tax rate.

Re: Oracle Moving HQ to Austin

#64

Post by throwaway201103 »

flatline wrote: post #35
syntaxing wrote: post #11

I'm super curious how this will WFH Covid-era will play out for the Bay Area. I think the question I haven't figured out is job mobility. Pre-covid, even if you lost your job here as an engineer, finding another company thats interesting with the right pay isn't too hard which is one of the best appeals of SV. I wonder how this will play out in terms of this dynamic.

I'm curious what it will do to tech salaries as well. Will developers working remotely for SV companies from LCOL areas be compensated the same as those in SV? Will smaller firms elsewhere have to raise salaries to compete with locals taking non-regional salaries?

You're looking at it from the wrong side. Developer supply for SV companies just expanded to include potentially everyone who for various reasons did not want to or was unable to relocate to SV. Tech salaries will fall for SV companies, though it might initially be a bump up from what those non-local developers could get in their local areas.

Re: Oracle Moving HQ to Austin

#65

Post by hindsightbias »

Rebelgecko wrote: post #48
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?

Perhaps Boulder, unless it's already too late?

10 years too late.

Re: Oracle Moving HQ to Austin

#66

Post by dmode »

aaomidi wrote: post #62
dmode wrote: post #60

Earlier quoted context omitted.

What does this mean ? What does a HQ mean when people are permanent WFH ?

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.

Re: Oracle Moving HQ to Austin

#67

Post by tidepod12 »

rainyMammoth wrote: post #10

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

"Californication" (yes, as referred to in the Red Hot Chili Peppers song) has been a thing for almost a century now. Oregon literally tried to ban immigrants from California back in the 1940s, and Coloradoans have a notorious saying from the 60s "Don't Californicate Colorado" (it used to be a pretty common bumper sticker) due to this effect.

Go to Wyoming or Idaho and people feel the same way. California has unfortunately been exporting its ridiculous cost of living and lifestyle to the American west for decades, Austin is just the latest to feel it.

Somewhat related, Austinites used to also have a fairly common saying "Don't Dallas my Austin" (also related: "Keep Austin Weird"), referring to wanting to keep the "corporate" feel of Dallas out of Austin. The ship's sailed on that one too, though.

Re: Oracle Moving HQ to Austin

#68

Post by orliesaurus »

Fnoord wrote: post #58
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…

> That being said, I know a couple of people who work there and they don't like their job - it's thankless - but I think that's the same with all big companies where you're just another number. No, that is specific to Oracle. Here's some references [1]. The other day on HN I read a quote: "What is the difference between Larry Ellison and God? God doesn't think he's Larry Ellison". Can't find it though. [1] https://ne…

10 years ago or so I started a job at a big corp. and I felt the same after 6 months, I stayed 23 months in total and I said I would never go back unless I had complete "creative" control over my career. I haven't ever been tempted to go back, but those terms still remain if I ever get a call from someone from bigcorp.

Re: Oracle Moving HQ to Austin

#70

Post by majormajor »

dionidium wrote: post #61
nordsieck wrote: post #31

Earlier quoted context omitted.

> How long before all the Californians make Austin the exact same place they fled from? That is a concern. But part of SF's problems is structural: transportation and new construction are constrained by water. That is much less of a concern in Austin.

New construction in San Francisco (and basically everywhere else in the United States) is constrained primarily by policy . If it were legal to build more, then developers would surely build more.

Yes and no. For increasing density of existing areas, yes, that's basically a universal in the US, not a Republican-vs-Democrat thing, but in Texas cities you can (and do) keep going outward, so you can (and do) keep building single-family-homes. Can't do that within commuting distance of SF anymore.
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