US-Based Company Opendoor Shuts Operations In India, Fires Nearly 250 Employees

Last Updated:June 11, 2026, 10:06 IST

Opendoor CEO Kaz Nejatian said the company is winding down its operations in India to bring the operational work closer to its customers in the United States.

US-based real estate technology company Opendoor has announced that it will shut down its operations in India, a decision that will impact nearly 250 employees based in India. Opendoor CEO Kaz Nejatian said the move was aimed at bringing operational work closer to the company’s customers in the United States.

In a statement on X, Nejatian said some of the jobs have already been relocated back to the US. “Today, we are finalising bringing these roles closer to our customers in America and beginning the process of winding down our India-based operations. This affects all of our colleagues in India who have done meaningful work for Opendoor.

The company said its customers were based in America, and the operational work of Opendoor would be best done close to them. It said the team in India was tasked with handling manual workflows across fragmented systems, but since the systems were unified and the company hired small AI-native customer-facing teams throughout the US, it has begun relocating operational work closer to its customers.

“I am grateful for their dedication and this decision is not a reflection of the quality of their work. Our colleagues In India are great people, and we recommend them to anyone hiring," Nejatian said.

He also said the company is providing transition packages, including severance, outplacement services and other resources to help its India-based employees during a “significant and difficult" change.

Despite the workforce reduction, Nejatian said Opendoor remains in a strong position and that its overall business strategy has not changed. “Our colleagues in India helped get Opendoor to where it is today, and we’re grateful for it," he added.

The layoffs at Opendoor are akin to a broader trend of AI-based firings seen in major tech companies like Google and Meta. In just four months of 2026, a total of 95 tech companies have laid off over 73,000 employees due to AI-based changes, according to a report.

The development also comes as US companies are under pressure to prioritise American workers as part of the Trump administration’s ‘Make America Great Again’ push.

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Aveek Banerjee

Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master's in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in int...Read More

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