US-based real estate technology company Opendoor has announced that it is shutting down its India operations and laying off around 250 employees in the country.
“When we launched Opendoor 2.0 a few months ago, Opendoor had nearly 250 employees in India. Over the last few months, some of these jobs have been relocated back to the United States,” Opendoor CEO Kaz Nejatian wrote in a memo. “Today, we are finalizing bringing these roles closer to our customers in America and beginning the process of winding down our India-based operations.”
Nejatian added that the company is providing a transition package to its Indian employees, which includes severance, outplacement services and other resources. He also said that a small subset of team members “will stay on” to complete the transition of key workstreams.
He also encouraged other companies in India to consider hiring affected workers.
“If you’re hiring and have a presence in India, these are excellent people. Consider this my reference letter and hire them,” Nejatian wrote on X.
Why is Opendoor shutting down India operations?
Nejatian noted that the layoffs are part of the company’s ” 2.0″ initiative, which is focused on embedding AI in workflows, reducing costs and bringing certain functions closer to its home market in the US.
The Opendoor CEO said that its Opendoor 2.0 initiative will make the company ‘much smaller company by headcount, but a much larger company by impact’.
Netajian also said that company is planning significant operational changes across the company. Opendoor is planning to simplify its processes by reducing the number of tools, worflow steps and using fewer workarounds.
The company is also planning to build a single platform that allows employees to track a home’s journey through buying, renovation and selling, and eliminating manual workflows.
“We will simplify: fewer tools, fewer steps, fewer workarounds,” Nejatian wrote. “We will build one platform, so anyone at Opendoor can see how a home moves through buy, reno, and sell.”
Opendoor moves operational work to US:
“Our customers are in America, and the operational work we do for them is best done close to them,” Nejatian wrote.
He said that while Opendoor had previously focused on building a large team in India to handle manual workflows, it has now hired small -native, customer-facing teams throughout the US to have the operational work done closer to its customers.
The layoffs come as Opendoor has been shrinking its workforce in recent years. According to a TechCrunch report citing securities filings, the company employed 1,042 people globally at the end of 2025, down from 1,470 employees a year earlier. Meanwhile, Opendoor’s international workforce also shrank significantly, falling to 184 employees at the end of last year from 342 employees the previous year.
While Opendoor is shutting down its India operations, the company indicated that it is still commited to its operations in the European Union.
Responding to a user on X who asked whether the move would also lead to a scaling down of operations in Poland, Nejatian said the Polish team remains “very essential” to the company’s plans.