Hewlett Packard Enterprise
is the latest tech company to shift its focus away from Silicon Valley, announcing Tuesday that it will relocate its headquarters from San Jose, California, to Houston, Texas. "HPE's largest U.S. employment hub, Houston is 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," the company said in its fourth quarter earnings release. It's unclear how many employees the move will affect, though the company said no layoffs will be with the move.For its fourth quarter, the company reported:Earnings:The company also raised guidance for the 2021 fiscal year.
The coronavirus pandemic has given a number of tech companies and prominent Silicon Valley figures an excuse to exit California. Without many needing to go into an office every day, many are questioning the high cost of living and the state's hefty taxes amid a broader shift to remote work.
Turning Texas Blue!
Soon the only thing left in California will be the Governor,Nancy Pelosi and the homeless 😡😡😡😡😡😡😡
I live in California. DemocRATS are disgusting. They want businesses to fail. If they survive, massive taxes.