Opendoor's India exit is fueling a bigger conversation about AI and outsourcing
- On Wednesday, San Francisco-based online home-buying platform Opendoor announced it is shutting down its India operations, laying off nearly 250 employees in Chennai and Bengaluru.
- CEO Kaz Nejatian cited a strategic shift toward smaller, AI-native teams in the U.S., where the company's customers are located and manual workflows no longer align with automated systems.
- Opendoor shares climbed roughly 8% on Wednesday as investors responded positively, while HFS Research CEO Phil Fersht told TechCrunch the move reflects a broader trend of companies redesigning operations around AI and automation.
- Departing staff receive transition packages including severance and outplacement support. Nejatian wrote, "This decision is not a reflection of the quality of their work," recommending affected employees to other employers.
- The closure caps a multi-year global contraction, with Opendoor's headcount falling to 1,042 at year-end 2025 from roughly 2,570 in 2022, as the company prioritizes efficiency amid housing market pressures.
21 Articles
21 Articles
Opendoor CEO Shuts India Operations, Lays Off Nearly 250 Jobs: CEO Says Work 'Belongs' in America
Opendoor Technologies is winding down its India operations and parting ways with nearly 250 staff members after chief executive Kaz Nejatian told the team that the company's day-to-day work is better suited to its American customers. Nejatian set out the decision in a note shared with employees on 10 June and later posted to X. 'Today we began to say goodbye to our colleagues in India as we wind down our India operations,' he wrote. 'Our custome…
'Our Customers Are in America': Opendoor Lays Off Entire 250 Indian Workforce in AI-Driven Overhaul
New Delhi: US-based real estate technology company OpenDoor has laid off its entire India workforce of nearly 250 employees as part of a major restructuring effort aimed at bringing operations closer to its customers and increasing the use of artificial intelligence across the bu
"Customers Are In America": Opendoor Lays Off Entire Indian Workforce
Opendoor 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.
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