US real estate firm Opendoor shuts India operations, lays off 250
US real estate firm Opendoor shuts India operations, lays off 250
Publish Date: 2026-06-11 06:37:00
Source Domain: www.reuters.com
- U.S.-based real estate firm Opendoor plans to close its India operations and lay off all 250 employees in the country as it increasingly adopts AI.
- Chief Executive Kaz Nejatian cited the unification of internal systems and the hiring of AI-native teams in the U.S. as reasons for the shift.
- The move highlights concerns over the impact of artificial intelligence on entry-level and back-office jobs.
- Opendoor, founded in 2014, operates a digital residential real estate platform for online home buying and selling.
- The company had expanded its presence in India two years ago, opening offices in Hyderabad and Bengaluru.
