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San Francisco-based existent property exertion steadfast Opendoor has started to unopen down its India operations, laying disconnected each 250 employees arsenic it relocates operational roles person to the U.S.
Opendoor started its operations successful India successful 2022 with offices successful Chennai, Hyderabad and Bengaluru.
“Today we began to accidental goodbye to our colleagues successful India arsenic we upwind down our India operations. Our customers are successful America, and that's wherever our operational enactment belongs,” Opendoor CEO Kaz Nejatian said successful a station connected X connected Wednesday (June 10, 2026).
The interior enactment posted connected societal media said that since the motorboat of Opendoor 2.0 a fewer months ago, the institution has unified systems and built tiny AI-native customer-facing teams crossed the U.S.
"This affects each of our colleagues successful India who person done meaningful enactment for Opendoor. I americium grateful for their dedication and this determination is not a reflection of the prime of their work,” the enactment posted by Mr. Nejatian said.
Affected employees volition person severance pay, outplacement services, and modulation support, portion a tiny radical volition stay temporarily to implicit the migration of cardinal workstreams.
“For years, Opendoor built a ample squad successful India to grip manual workflows crossed fragmented systems. As we've unified these systems and person hired tiny Al-native customer-facing teams passim the US, we request each this operational enactment to beryllium done successful idiosyncratic and adjacent to our customers,” Mr. Nejatian said.
He said aft the winding down of India operations, Opendoor 2.0 volition beryllium a overmuch smaller institution by headcount, but a overmuch larger institution by impact.
Founded successful 2014, Opendoor had an "iBuying" model, utilizing exertion and information analytics to marque instant currency offers to homeowners, bargain homes directly, and past resell them.
The institution besides offers owe and home-selling services done its integer level and operates crossed respective U.S. lodging markets.
