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Fortune

Marco Quiroz-Gutierrez

Opendoor Chairman Keith Rabois says the company doesn't need 1,400 employees, jut 200

Keith Rabois Opendoor Eric Wu Khosla Ventures

(Credit: David Paul Morris—Bloomberg via Getty Images)

Khosla Ventures’ Keith Rabois is back as chairman at Opendoor, and he doesn’t understand why the company’s workforce has gotten so “bloated.”

Rabois, who cofounded the online residential real estate marketplace a decade ago, rejoined the board earlier this month along with his cofounder Eric Wu and promised to bring back “founder DNA” to a lackluster Opendoor.

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