“See Ya Later, California!” Hewlett-Packard Moves its HQ from Silicon Valley to Texas

Proskauer - California Employment Law
Contact

Proskauer - California Employment Law

Following in the footsteps of scores of other employers that have relocated to more business-friendly states, Hewlett-Packard announced Wednesday that it’s moving its global headquarters from San Jose, CA to Houston, TX and with it, thousands of jobs.  Citing “business needs, cost reduction opportunities, and team members’ preferences for the future of work,” HP plans to complete the move to Houston by early 2022.  This is just the latest example of how California’s, uh, rather challenging tax and regulatory environment continues to drive employers from the Golden State.  HP’s fabled rise began in 1938 when Bill Hewlett and Dave Packard started the tech-giant-to-be in a garage they had rented in Palo Alto, CA.

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Proskauer - California Employment Law | Attorney Advertising

Written by:

Proskauer - California Employment Law
Contact
more
less

Proskauer - California Employment Law on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.