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Opendoor Ends India Operations, Cites Strategic Shift to US Customers. (Img Internet)
New Delhi: US-based real estate technology company Opendoor has announced that it will wind down its India operations, affecting nearly 250 employees. The decision is part of a broader restructuring plan aimed at aligning operations more closely with its primary customer base in the United States.
According to CEO Kaz Nejatian, the company has already begun relocating certain roles back to the US as part of this transition.
In a statement posted on X, Nejatian said the company is reorganising its structure to ensure operational work is handled closer to customers in America.
He explained that the India-based team was previously responsible for managing manual workflows across multiple systems. However, with improved internal systems and the introduction of smaller AI-driven customer-facing teams in the US, the company has now decided to consolidate operations domestically.
Nejatian emphasised that the decision was not a reflection of the performance of employees in India. He acknowledged their contributions and said they played an important role in the company’s growth.
Opendoor has announced transition support for affected staff, including severance packages and outplacement assistance, to help them during what it described as a difficult phase.
The layoffs come amid a wider trend in the technology sector, where companies are increasingly restructuring operations due to the growing use of artificial intelligence. Firms such as Google and Meta have also undertaken workforce reductions linked to automation and efficiency changes.
A recent industry report suggests that in the first four months of 2026 alone, 95 tech companies collectively laid off more than 73,000 employees, reflecting the scale of AI-driven transformation in the sector.
The development also coincides with growing pressure on US companies to prioritise domestic employment under the broader “Make America Great Again” policy direction. Analysts say such shifts may continue as firms reassess global workforce distribution strategies.
Location : New Delhi
Published : 11 June 2026, 5:28 PM IST
Topics : Kaz Nejatian statement Opendoor 250 employees affected Opendoor India layoffs Opendoor shuts India operations US real estate tech layoffs
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