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Why is HP moving its headquarters?
“As we look to the future, our business needs, opportunities for cost savings, and team members’ preferences about the future of work, we are excited to relocate HPE’s headquarters to the Houston region,” CEO Antonio Neri said in a written statement Tuesday.
Why did Elon Musk move Tesla to California?
It’s official: Tesla is now a Texas company. Tesla first began using Austin as the dateline in press releases in October. One likely contributing factor behind the move is the fact that Musk stands to save an estimated $2.5 billion in capital gains taxes by moving his residence and business from California to Texas.
Is Tesla manufacturing leaving California?
Tesla is leaving California’s Silicon Valley behind for Texas. The company’s chief executive officer, Elon Musk, announced the planned move for the electric automaker, which will see its headquarters relocated from Palo Alto, California, to Austin, Texas.
Why is HP moving to California?
In its filing, HPE stated that it has was relocated its headquarters from San Jose to Houston because that Texas city was already, “HPE’s largest U.S. employment hub, (and) an attractive market to recruit and retain future diverse talent, and is where the company is currently constructing a state-of-the-art new campus. …
Why are tech companies moving their headquarters to Texas?
Oracle and Hewlett Packard are among the tech giants who have recently announced plans to move their headquarters to Texas. What is Silicon Valley? An impossible housing market, high tax rates, and strict regulations have made it challenging to live, work, and do business in Silicon Valley.
Is Hewlett Packard moving its headquarters to Houston?
Earlier this month, Hewlett Packard Enterprise also announced it was moving its headquarters to Houston. HEWLETT-PACKARD ENTERPRISE CO. “HPE has made the decision to relocate its headquarters from San Jose, California, to Houston, Texas.
Why is Oracle moving its corporate headquarters to Austin Texas?
“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.
Is Oracle sticking it to the Texas?
The smart money may be sticking together and sticking it to California. Oracle is joining Tesla and Hewlett Packard Enterprise in moving some operations to Texas, detailing the move in a filing with the Securities and Exchange Commission late Friday. ORACLE CORP.