Re:Silicon Valley exodus: Bay Area tech companies leaving fo...
by chaostheory on Tuesday December 15, 2020 @12:07PM
(#25432222)
I agree with everyone's sentiment that Oracle and HP are dinosaurs lead by people in the finance department, but I also agree with yours. These companies are also canaries. We've crossed the tax and bureaucracy threshold that companies are willing to deal with.
I predict that it will continue to be a slow transition until a tax friendly state with a decent tech hub joins California, Montana, North Dakota, and Oklahoma in banning non-competes. If that ever happens, California is in deeper trouble.
Re:Silicon Valley exodus: Bay Area tech companies leaving fo...
by random5634 on Tuesday December 15, 2020 @12:38PM
(#25432611)
The AB5 mess is just emblematic. I'm a "big goverment" supporter, but not so into the totally incompetent govt. The number of loopholes that had to be carved out of this law was ridiculous.
What happened to good infrastructure, education, safety, health care, raise the federal minimum wage etc?
This sentiment is problematic. Oracle has 130 000 employees and $40B in revenue. That's massive.
They are a tech company, not a media company like FB.
They are a lynchpin, just because 'we don't like them' doesn't make them 'not' that.
It's like Burning Man: everyone has their view on 'what it is' but really they mean to say 'what it ought to be'. What it is ... is more objective.
Oracle and companies like them are a huge part of what the SV is, full stop.
It's 'mostly' bad for SV to be losing Oracle.
The 'Bay Exit' story is probably overblown, but it's also very real, and less to do with 'leavers' than the fact it's just easier to do things elsewhere in the first place, at least for some kind of companies.