US-based real estate tech company Opendoor has shut down its operations in India. This exit has affected nearly 250 employees working in Bengaluru and Chennai offices.
CEO Kaz Nejatian shared the update through a public message. He said the company wants its work closer to customers in the United States and believes operations run better when teams stay near the main market.
Opendoor layoffs in India will impact almost all employees in the country. A small number of workers will stay temporarily to help complete the transition of important work before the full closure.
The company has offered support including severance pay, job search help, and other career services to affected employees. The CEO also praised the Indian team and called them talented professionals.
Nejatian said the decision is not linked to employee performance. He explained that the team played an important role in the company’s growth. He also recommended them to other companies that are hiring skilled workers.
The move is related to the company’s new plan called Opendoor 2.0 that focuses on speeding up workflows through better technology. AI restructuring has reduced the need for large teams handling manual tasks.
A large team in India previously handled back-end work across many systems. However, the company now uses fewer tools and more automation. Small teams in the US now manage customer-related tasks directly.
The company is also building a single platform for its work. This system will handle the full process of buying, fixing, and selling homes. The goal is to make the process smooth and easy for customers.
The company said this change will help improve efficiency and speed. Leadership believes the new setup will create a stronger business over time. The focus will remain on improving services for homeowners.
Also Read: Top Tech Jobs in 2026: ServiceNow, AWS, and Stripe Are Hiring Now