US-based proptech company Opendoor has laid off its entire India team, affecting around 250 employees in total as it builds leaner AI-native teams on its home turf.
“We are finalising bringing these (India-based) 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,” CEO Kaz Nejatian said on X.
The executive noted that the company has unified its manual workflows that were earlier handled by offshore Indian employees, and hired small AI-native teams for customer facing roles which would operate better closer to its customer base in the US.
Opendoor will provide severance packages, outplacement services and other resources to affected employees in India, he said, without specifying details. A small subset of the team will stay on till the transition is complete.
Notably, the company did not take similar steps for its teams in the EU, where it is expanding operations. However, Nejatian noted that going forward, Opendoor will stop stacking manual workflows on top of point-solutions tools and instead be mindful of the processes being integrated into its business.
Opendoor was earlier backed by Sam Altman, Khosla Ventures, General Atlantic, SoftBank Vision fun, Andreessen Horowitz, among other marquee investors.
The company expanded its operations in India less than two years ago when it opened new offices in Hyderabad and Bengaluru. However, calls to reduce dependence on Indian IT workers and prioritise domestic hiring in the US have gained momentum over the past two years, with both onshore and offshore technology sector employees facing visa cancellations and layoffs.
At the same time, rising automation due to rapid adoption of generative and agentic AI has also led to thousands of layoffs globally across tech companies, including India.
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