US-based real estate technology major Opendoor has announced the complete shutdown of its business operations in India. This strategic move will directly impact approximately 250 employees working across the country. According to the company, this decision is part of its broader business transformation strategy, which aims to relocate core operational functions closer to its primary customer base in the United States while shifting focus toward expanding Artificial Intelligence (AI)-powered teams.
The massive layoff was officially confirmed by Opendoor CEO Kaz Nejatian, who first notified the workforce through an internal memo before sharing the announcement publicly on the social media platform X (formerly Twitter). Nejatian clarified that the transition of migrating essential responsibilities back to the US had been underway for the past few months. He justified the operational exit by stating that since all of Opendoor’s home-buying and selling customers reside in America, it is logistically optimal to position the supporting operational workflows in the same geographic region.
The chief executive explicitly highlighted that the job cuts are not a reflection of the Indian team’s capabilities, highly praising the affected staff as exceptionally talented professionals who would serve as great assets to any future employer. To mitigate the sudden impact of the transition, Opendoor has committed to providing comprehensive transition support, including financial severance packages and outplacement assistance services. While the domestic branches are winding down, a minimal number of Indian employees will remain temporarily onboard to ensure a seamless handover of critical data and ongoing system management.
