Snowflake goes remote and relocates executive office from California to Bozeman, Montana

“…Snowflake, the cloud data analytics vendor that held the biggest U.S. software IPO ever last year, has become the latest tech company to jettison California.

In its earnings press release on Wednesday, Snowflake’s dateline showed up as “No-Headquarters/BOZEMAN, Mont.” As recently as May 3, when the company announced the date of its first-quarter earnings report, that same line said “SAN MATEO, Calif.”

“We are a Delaware corporation with a globally distributed workforce and no corporate headquarters. Under the Securities and Exchange Commission’s rules, we are required to designate a ‘principal executive office.’ For purposes of this report, we have designated our office in Bozeman, Montana as our principal executive office, as that is where our Chief Executive Officer and Chief Financial Officer are based.”

Snowflake will still have a large operation in Silicon Valley, and even went through a recent massive redesign of its San Mateo office to prepare for the eventual return of employees.

“While San Mateo continues to remain an important location for us, we do not have a single office that is at the center of Snowflake’s operations,” a spokesperson said in an e-mail.

The company’s move to withdraw its corporate headquarters from California follows a trend that started in the midst of the pandemic last year.