California exodus
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California exodus is the flight of top companies and their highest executives from liberal California, mostly to Texas.
| â | Oracle Corp., a Silicon Valley stalwart, has moved its headquarters to Texas, becoming the latest technology company to leave its home state in the face of Californiaâs higher taxes, steeper cost of living and a broader shift to remote work. | â |
Others who have moved away from Texas include:
- Elon Musk, CEO of Tesla Motors.
- Hewlett Packard Enterprise Co.
- Palantir Technologies Inc.