Why is Opendoor laying off employees?

The company is shifting to an AI-driven model and building leaner teams in the U.S. to improve efficiency.

Who is Opendoor's new CEO?

The new CEO is Kaz Nejatian, who recently took the role.

What is Opendoor's stock ticker?

The ticker is OPEN on the NYSE.

Opendoor Cuts ~250 Jobs in India, Shifts to AI-Driven Model

Opendoor Technologies announced it will cut approximately 250 positions in India as part of a restructuring to build smaller, AI-focused teams in the U.S. The move comes under new CEO Kaz Nejatian.

June 22, 2026

2 min read

Source: Barchart

Key Numbers

positions cut

~250

Opendoor Technologies (NYSE: OPEN) is laying off about 250 employees in India as it shifts toward an AI-driven operational model and builds leaner teams in the United States. The restructuring is led by newly appointed CEO Kaz Nejatian.

Details of the Cuts

Reports indicate that roughly 250 positions in India will be eliminated as the company restructures its workforce to focus on AI talent in America. A specific timeline for the changes has not been announced.

Context

The layoffs come as Opendoor seeks to improve operational efficiency and reduce costs amid a challenging U.S. housing market. New CEO Kaz Nejatian, who recently took the helm, has a background in technology and artificial intelligence.

What This Means for Investors

The strategic shift toward automation and a smaller workforce could improve long-term margins. However, the cuts may raise concerns about growth prospects in a tough economic environment. Investors should monitor upcoming earnings reports to assess the impact.

Frequently Asked Questions

Opendoor is cutting approximately 250 positions in India.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.