Companies that moved out of California in 2024 and 2025

On Aug Bed Bath Beyond communicated that its planned return to brick-and-mortar retail will work around California Executive Chairman Marcus Lemonis explained the state s heavy regulations and high costs make it too risky for business criticizing California for imposing steep taxes fees wages and regulations that he says stifle rise The retailer which shuttered all stores after filing for bankruptcy in has since rebranded as Bed Bath Beyond Home and launched a new store in Tennessee with plans for about more openings nationwide next year It s not the only company that stopped their operations in California this year Realtor com publicized a shift of its headquarters from California to Texas in February The real estate listings site run by News Corp s Move Inc is relocating from Santa Clara to Austin where it has leased space since Related Articles Income inequality dipped and fewer people moved according to largest survey of US life Do you live here states where you might outlive your retirement savings She left the Bay Area for France with her beloved pets but then her plans took a sad turn after she arrived Leaving California Where s the best state to move to in Major alcohol distributor to leave California in September A large number of companies from California including tech home improvement real estate fashion and food have decided to relocate their headquarters to more affordable places A review by the Inhabitants Framework Institute of California says relocation choices often hinge not only on a region s size and proximity but also on business costs tied to taxes and regulations Companies also weigh the availability of skilled workers and hiring expenses shaped by housing costs and income tax rates According to the assessment companies moved their headquarters out of California from to with departures accelerating after Over the same period the number of firms relocating into California fell sharply dropping from in to just in Here is a table of the corporate exodus from California since according to The California Book of Exoduses from California Protocol Center