American digital real estate firm Opendoor is winding down its India operations and laying off nearly 250 employees, multiple outlets report. Opendoor CEO Kaz Nejatian tells staff in a company note that the company is “saying goodbye” to colleagues in India as it shuts the operations in the country. Nejatian says Opendoor’s customers are in America and that operational work belongs closer to its US customer base, as part of a strategic shift under its “Opendoor 2.0” approach. The company also cites technology and streamlining, including a greater reliance on AI-enabled teams, as it reorganizes roles. At least some reporting characterizes the move as a shift of operational functions to the United States rather than a response to employees’ performance. Nejatian later shared the message publicly, according to NDTV, after sending it to the company’s team. Collectively, the outlets state that the India workforce is being reduced entirely as the firm consolidates its operations and expands its focus on AI-native processes in the US.
Opendoor shuts India operations, lays off nearly 250 employees and shifts to US teams
American digital real estate firm Opendoor is winding down its India operations and laying off nearly 250 employees, multiple outlets report. Opendoor CEO Kaz Nejatian tells staff in a company note th...
- Opendoor shuts down its India operations and winds down a business hub in the country.
- Nearly 250 employees in India are laid off, according to multiple reports.
- CEO Kaz Nejatian says customers are in America and operational work should be based in the US.
- The move is described as a strategic shift under Opendoor 2.0/operational streamlining, aided by increased AI use.
- The company says the decision is not linked to employee performance.
“Today we began to say goodbye to our colleagues in India as we wind down our India operations. Our customers are in America, and that’s where our operational work belongs,” Opendoor CEO Kaz Nejatian said
2 months agoOpendoor will shut down its India operations, affecting nearly 250 employees as the US-based real estate technology company relocates operational roles closer to its American customers and expands its use of AI-enabled teams.
2 months agoAmerican digital real estate firm Opendoor is ceasing its India operations, impacting its nearly 250 employees in the country. CEO Kaz Nejatian confirmed the move, stating it's part of a strategic shift to bring roles closer to American customers under the new Opendoor 2.0 model. This decision, driven by technological advancements and streamlining, is not a reflection of employee performance
2 months agoOpendoor CEO Kaz Nejatian announced the decision in a note shared with the company's entire team on Tuesday, which he later posted publicly on X.
2 months agoOpendoor is shutting down its business hub in India to bring operational roles closer to its primary American customer base.
2 months ago
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