Layoffs · Real Estate & PropTech

Opendoor lays off entire India team of 250

By Startup Enthusiast · 11 June 2026

What they do

Opendoor buys and resells residential real estate across the US

It laid off its entire India team of about 250 employees and is winding down India operations

The company is moving roles closer to US customers and hiring small AI-native teams

Opendoor laid off its entire India team of about 250 employees.
CEO Kaz Nejatian announced the company is winding down India operations.
Roles handled by offshore Indian employees are being moved closer to US customers.
The company unified manual workflows and hired small AI-native teams for customer-facing roles in the US.
It is unclear if Opendoor's substantial employee presence in Poland and Canada was affected by current or previous layoffs.
Opendoor is currently expanding operations in the EU.
The company has substantial employee presence in Poland and Canada.
Opendoor will stop stacking manual workflows on point-solution tools and integrate processes into the business.

Calls to reduce dependence on Indian IT workers and prioritise US domestic hiring have gained momentum over the past two years.
Rising automation from generative and agentic AI has led to thousands of layoffs globally, including India.
Opendoor faces turmoil due to a real estate slowdown from high mortgage rates and stagnant paychecks.
The company took a $57M markdown on real estate inventory in 2025.
Opendoor listed failure to realise AI efficiencies as a risk factor.

Opendoor buys and resells residential real estate across the US.
It introduced the Opendoor 2.0 policy to restructure inventory and operational costs.
In Q1 2026, revenue was $720M, down 37.5% year-over-year from $1.15B.
Net loss in Q1 2026 was $173M, more than doubled year-over-year.
Restructuring costs in Q1 2026 were $3M for post-employment benefits of 65 terminated employees.
The company awarded a $15M cash award to CEO Kaz Nejatian upon his appointment in September 2025.
In November 2024, Opendoor reduced its workforce by 17%, affecting 300 employees, costing $10M in restructuring costs.
It laid off about 680 employees in 2023 and another 125 in 2025 per SEC filings.
In Q3 2025, it reduced costs for external software, software vendors, and external consultants to increase operational savings.

Opendoor is expanding operations in the EU.
It is unclear if Opendoor's substantial employee presence in Poland and Canada was affected by current or previous layoffs.
The company will integrate manual workflows into the business instead of stacking them on point-solution tools.

Sam Altman (existing) — Backed Opendoor before it went public in 2020.
Khosla Ventures (existing) — Backed Opendoor before it went public in 2020.
General Atlantic (existing) — Backed Opendoor before it went public in 2020.
SoftBank Vision Fund (existing) — Backed Opendoor before it went public in 2020.
Andreessen Horowitz (existing) — Backed Opendoor before it went public in 2020.