US-based real estate technology company Opendoor has announced that it is winding down its India operations, saying that the operational work it performs is best done closer to its customers in the United States.
The announcement was made by Opendoor CEO Kaz Nejatian in a post on X, where he revealed that the company had begun saying goodbye to its India-based employees.
"I shared this note earlier today with the entire team at Opendoor. Today we began to say goodbye to our colleagues in India as we wind down our India operations," Nejatian wrote.
"Our customers are in America, and that's where our operational work belongs," he added.
Nearly 250 employees affected
In an internal note shared by the CEO, Opendoor said that when it launched "Opendoor 2.0" a few months ago, the company had nearly 250 employees in India. Over the past several months, some of those roles had already been relocated to the United States.
The company said it is now finalizing the process of bringing those positions closer to its American customers and beginning the shutdown of its India-based operations.
