U.S.-Based Opendoor Closes India Operations

NEW DELHI- U.S.-based real estate technology company Opendoor is winding down its India operations and relocating India-based roles closer to its customer base in the United States, a move that will affect about 250 employees.

In a note shared with employees and later posted on social media platform X, Opendoor CEO Kaz Nejatian said the company had begun winding down its India operations as part of a broader restructuring effort.

“Today we began to say goodbye to our colleagues in India as we wind down our India operations. Our customers are in America, and that’s where our operational work belongs,” Nejatian wrote.

Opendoor had nearly 250 employees in India when it launched “Opendoor 2.0” a few months ago. While some roles had already been moved back to the United States, the company is now completing the relocation of the remaining operational positions. A small number of employees will remain temporarily to support the transition.

Nejatian said the decision was not a reflection of the performance of employees in India and described them as having made significant contributions to the company.

“Our colleagues in India are great people, and we recommend them to anyone hiring,” he said.

Explaining the move, Nejatian said Opendoor’s operational work is best carried out closer to customers in the United States. He added that the company has streamlined many processes, unified its systems and built smaller AI-native customer-facing teams in the U.S., reducing the need for a large offshore operational workforce.

Nejatian thanked the India team for its contributions and said affected employees would receive severance packages, outplacement services and other transition support. (IANS)

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