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International Business Times UK
International Business Times UK
Stephanie Cruz

Opendoor CEO Shuts India Operations, Lays Off Nearly 250 Jobs: CEO Says Work 'Belongs' in America

CEO Kaz Nejatian has focused the company on automation to manage domestic operations, leading to market gains despite staffing reductions. (Credit: LI/ Kaz Nejatian)

Opendoor Technologies is winding down its India operations and parting ways with nearly 250 staff members after chief executive Kaz Nejatian told the team that the company's day-to-day work is better suited to its American customers.

Nejatian set out the decision in a note shared with employees on 10 June and later posted to X.

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