The FINANCIAL — To keep pace with rapid cloud growth, Oracle unveiled plans to construct a next-generation technology campus in Austin, Texas. The company also confirmed that it will purchase housing for employees to live affordably and conveniently nearby. Today’s announcement underscores Oracle’s commitment to its employees and to the cloud, as the company continues to hire aggressively around the world.
Bolstered by the new campus, Oracle will expand its team in Austin by more than 50 percent over the next few years. Job opportunities will largely be driven by growth in Oracle’s cloud sales organization, Oracle Direct. Recruitment efforts will focus on recent university graduates and technical professionals at early stages in their career, according to Oracle.
“Austin was a natural choice for Oracle to invest and grow,” said Scott Armour, Senior Vice President, Oracle Direct. “We already have a high-performing employee base in the region, and the surrounding technology community is teeming with creative and innovative thinkers. Our state-of-the-art campus will be designed to inspire, support and attract top talent – with a special focus on the needs of millennials.”
“What Oracle is doing in Austin reinforces what I’m talking about when I say that great cities do big things, especially in the technology sector,” said Austin Mayor Steve Adler. “With this significant investment, Oracle demonstrates that it believes in Austin and its future, and it’s serious about creating fantastic job opportunities in our community. I look forward to working with major employers like Oracle to tackle our biggest challenges, including Mobility and Affordability.”
“We’re positioning the State of Texas to become a home for innovation and technology,” said Texas Governor Greg Abbott. “Thanks to our skilled workforce, combined with our low-tax and low-regulation environment, one of the largest tech companies in the world has chosen to expand in Austin. As Governor, I will continue to pursue policies that invite the expansion and relocation of tech companies to Texas.”
Oracle plans to collaborate with local firms to design and build the campus in a phased approach which will include consolidation of our facilities from Oregon. During phase one, the 560,000-square-foot complex and parking development will be constructed on the waterfront of Austin’s Lady Bird Lake. An adjacent 295-unit apartment building will be purchased for employee housing options and to support a work-life balance.