Opendoor shuts India operations, cuts about 250 jobs

The U.S.-based real estate technology company Opendoor has begun winding down its operations in India, a move that will affect nearly 250 employees. The company announced the decision on June 10, 2026, as part of a broader restructuring effort under its "Opendoor 2.0" strategy.

CEO Kaz Nejatian stated that the decision was driven by a strategic shift to bring operational work closer to the company's customer base in the United States. In a note to employees shared on social media, Nejatian explained that Opendoor had previously relied on a large team in India to manage manual workflows across fragmented systems. With those systems now unified and enhanced by artificial intelligence, the company believes the remaining operational tasks are best handled by smaller, AI-native teams located in the U.S.

Nejatian emphasized that the closure was not a reflection of employee performance, describing the affected staff as "great people" who had done meaningful work. He said the company is providing transition support, including severance packages, outplacement services, and other resources. A small number of employees will remain temporarily to ensure a smooth handover of key workstreams.