For years, Silicon Valley’s default answer to rising costs was to send more work offshore. That playbook is now being torn up in real time. Opendoor Technologies (OPEN) is shrinking its global footprint just as its technological ambitions get bigger.
Last week, the U.S. home‑buying company said that it will shut down its India operations and let go of nearly 250 employees. That decision comes less than two years after it called India a key hub for engineering and operations.
