(San Francisco, CA) - Another longtime corporate resident of the San Francisco Bay Area is leaving town. Oracle, maker of acronym-based software (CRM, ERP, HCM, SCM, and more) as well as database technology is pulling up roots and moving to Austin, Texas. The move comes as a number of other companies have announced similar plans to migrate their corporate headquarters out of California, including Tesla, Palantir, and Hewlett Packard Enterprise.
A difference for Oracle, however, is that the migration process will take much, much longer than other companies. We were able to reach an Oracle spokesperson to help us understand why the migration will take so long:
"Well, our legal units will move first. They're the heart of our company and comprise about 125,000 of our 135,000 employees. That should be fast. 3-5 years, tops. The real challenge comes for migrating our database teams and technologies. That will be a herculean effort. Our team's earliest estimates show it taking anywhere between 75 and 100 years to complete the migration"