Daily Market News
Daily Stock Markets News
Cannot fetch data from server.

Oracle puts more Bay Area office space up for lease

One of the Bay Area’s legacy tech companies is offloading more of its local office space. 

Oracle has put some of its Pleasanton offices up for lease, as first reported by the San Francisco Business Times. The five-story, 185,700-square-foot building at 5805 Owens Drive is reportedly about half of its real estate in the area. 

Since the technology company relocated its headquarters to Austin, Texas, it has sought to shed much of its Bay Area office space, including 86,000 square feet in San Francisco’s Financial District, a Belmont property and 17 stories in San Jose, according to the Business Times. 

Oracle did not return a request for comment as of publication.

Oracle adopted a more flexible work policy amid the pandemic, and in December 2020, it announced it would be moving its Redwood City headquarters to Texas. The company said at the time it would continue to “support major hubs,” including Redwood City, Santa Monica and Denver, among others. It followed in the footsteps of other tech companies that have relocated their headquarters to Texas, such as Tesla and Hewlett Packard Enterprise.

The company also conducted layoffs in August, cutting hundreds of jobs, after it had reportedly considered reducing its expenses by up to $1 billion.

Oracle has around 12,000 employees in the Bay Area, according to LinkedIn.

Read More: Oracle puts more Bay Area office space up for lease

Notify of
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.