I think this is a major news for Silicon Valley. Schwab, HPE, now Oracle. I hope that this would give somebody in California Legislature a pause.
https://i.imgur.com/OTFSSFF.png
https://www.historylink.org/File/1287
Tech business will be persistently pulled out of the Bay Area and into other states, Europe is about to see a large tech boom (courtesy of US venture capital) that will considerably harm the dominance that Silicon Valley has enjoyed the past several decades, combined with China continuing to make inroads in most aspects of tech. It's all pointing south for Silicon Valley, it's going to be a very ugly decade there.
We'd sooner install our own state digital currency before allowing dollar billionaires to bully us.
Some of the people who are just sitting in those companies collecting a paycheck have to make a choice now. They either leave the state or leave the company.
The good ones are likely to leave the company rather than move. That's going to be helpful to Silicon Valley as it's going to unlock a bunch of brainpower that was sitting mostly idle.