Cloud software program firm Snowflake shifting its Silicon Valley headquarters to Montana
The list of tech companies leaving the Bay Area or downsizing their office space is a little longer now.
Snowflake, a cloud software company, is no longer headquartered in San Mateo, as the San Francisco Business Times first reported. Bozeman, Montana, will replace the Silicon Valley address as the new “main business office”.
The strange title was chosen because the company stated that it no longer had a headquarters at all, but instead advocated a globally distributed workforce. In an earnings call this week, executives said they chose Bozeman because the Securities and Exchange Commission required corporations to appoint a chief executive officer. Since both CEO Frank Slootman and CFO Mike Scarpelli are based in the mountain town, the Montana address made more sense.
The San Mateo office remains open and the company employs 983 people in the Bay Area, according to LinkedIn.
Many other high profile tech companies took steps in 2021 and 2020. Hewlett Packard Enterprise announced in 2020 that it would move its headquarters to Houston, although the San Jose campus was retained. Oracle, based in Redwood City, is also moving to Texas and is choosing Austin as the headquarters for its “more flexible workplace policy.” Digital Realty, a data center company, also announced that it will move to Austin earlier this year.
Meanwhile, other large companies have reduced their space. Salesforce, the city’s largest private employer, canceled its 325,000-square-foot lease for the undeveloped Parcel F tower in the Transbay neighborhood of San Francisco in March. Airbnb offers space in three office buildings to sublet with an area of more than 424,000 square meters.
