California is in a DOOM LOOP. Another firm is leaving the State for Texas—and taking 1200 well paid employees with them.
“Simplilearn, which provides training for digital skills, has relocated its U.S. hub from San Francisco to Plano near the Dallas North Tollway and 121. The shift comes afterKrishna Kumar, founder and CEO, moved to Texas several quarters ago, the company said in a statement.
“Our move to Texas marks a pivotal moment in our journey, driven by our commitment to being at the forefront of a thriving tech ecosystem and tapping into a diverse talent pool,” Kumar said in a statement. “Establishing our headquarters here positions us to better empower professionals with the skills needed to excel in a digital-first world.”
Watch this accelerate in 2025—will the California economy have a total collapse then?
Tech firm relocates U.S. headquarters from California to North Texas
Edtech company, which is part of Blackstone, makes shift after CEO moves to the Lone Star State.
By Brian Womack, Dallas Morning News, 10/23/24 https://www.dallasnews.com/business/technology/2024/10/23/tech-firm-relocates-us-headquarters-from-california-to-north-texas/
A global tech company is moving its U.S. headquarters to Dallas-Fort Worth.
Simplilearn, which provides training for digital skills, has relocated its U.S. hub from San Francisco to Plano near the Dallas North Tollway and 121. The shift comes afterKrishna Kumar, founder and CEO, moved to Texas several quarters ago, the company said in a statement.
“Our move to Texas marks a pivotal moment in our journey, driven by our commitment to being at the forefront of a thriving tech ecosystem and tapping into a diverse talent pool,” Kumar said in a statement. “Establishing our headquarters here positions us to better empower professionals with the skills needed to excel in a digital-first world.”
The move is yet another boost for the Dallas area — which has attracted regional and global headquarters in recent years as the companies seek access to talent, growth and central locales. They include relocations from California and the rest of the country.
Simplilearn, which says it’s based in Plano and Bangalore, India, is part of Blackstone after the private equity firm announced an agreement in 2021 to acquire a controlling stake, according to a statement. Simplilearn received a $250 million investment from Blackstone and has received backing from other investors in its history as well, it said in a separate document.
The new headquarters is located at 5851 Legacy Circle on the sixth floor.
Simplilearn, which has about 1,200 employees, provides training to individuals and businesses globally with 1,500-plus live online classes — with help for over 8 million users. The sessions can assist college students, early career professionals and managers. Topics range from AI and machine learning to cybersecurity and software development.
