Snowflake, which created the largest software IPO in US stocks last year, announced that it had closed its headquarters in California and became another technology company that moved out of California.

Snowflake said there will no longer be a corporate headquarters, but according to US SEC regulations, a “main executive office” will be set up in Bozeman, Montana, a small city with a population of less than 50,000, as the permanent location for its CEO and CFO.

However, Snowflake will still have a huge business in Silicon Valley, and recently even underwent a major redesign of its San Mateo office to prepare for the return of employees.

A company spokesperson said in an email, “Although San Mateo remains an important address for us, we no longer have a separate office in Snowflake's operations center.”

The company's move to cancel its California headquarters follows a trend that began during the pandemic last year. Palantir previously moved to Colorado.Oracle(Oracle) andHPHewlett Packard Enterprise (Hewlett Packard Enterprise) moved to Texas. There are also many companies that have consolidated offices and pulled out of leases in the San Francisco Bay Area, allowing employees to choose where to work. There are many reasons that prompted them to move out of California, including California's high cost of living, high taxes, and an environment increasingly viewed as unfavorable to businesses.

Snowflake has around 2,500 employees and has been moving in the direction of remote work over the past few months. The company's CEO Frank Slootman (Frank Slootman) said in January this year that after the pandemic forced people to work from home, it was clear that the way they worked in the past will not return. “This will really reduce the company's real estate footprint.”