US-based real estate technology company Opendoor has announced plans to wind down its operations in India, a move that will impact nearly 250 employees. The decision was communicated by CEO Kaz Nejatian, who said the company is relocating operational work closer to its customer base in the United States.
In a note shared with employees and later posted on X, Nejatian said Opendoor had already started moving some roles back to the US over the past few months. The latest step will complete that transition and lead to the closure of the company's India operations.
Why the company is exiting India
Explaining the move, Nejatian said the company's customers are located in the United States and that support functions are most effective when carried out closer to them.
"Customers Are In America," he said while outlining the rationale behind the restructuring.
Also Read | Uber slashes 23% of People team jobs. Is AI the real reason?
According to the CEO, Opendoor had built a sizeable team in India to handle manual workflows across multiple systems. However, advances in technology and the development of AI-enabled teams in the US have reduced the need for those functions to remain overseas.
Nejatian stressed that the decision was not linked to the performance of employees in India.
I shared this note earlier today with the entire team at Opendoor.
— Kaz Nejatian (@nejatian) June 10, 2026
Today we began to say goodbye to our colleagues in India as we wind down our India operations.
Our customers are in America, and that's where our operational work belongs. pic.twitter.com/Ak2jLxKiX5
CEO praises India team
While announcing the closure, the CEO acknowledged the contribution of the India-based workforce and described team members as talented professionals.
Also Read | Who is Steve MacMillan? US tech CEO scraps annual hike for record employees for THIS reason
He noted that employees in India had played an important role in supporting the company and said they would be valuable additions to other organisations in the future.
The company also said a small number of employees will remain temporarily to assist with the transition of key workstreams before operations are fully wound down.
Support for affected employees
Opendoor said impacted employees will receive transition assistance, including severance packages, outplacement services and additional support resources.
The company said these measures are intended to help workers navigate the change and explore new opportunities.
Focus remains on US market
Despite the workforce reduction, Nejatian said Opendoor's broader business strategy remains unchanged.
Also Read | Oracle’s AI pivot drives major workforce layoffs despite booming profits
He said the company will continue working towards simplifying operations, building a unified platform and reducing dependence on manual processes. The focus, he added, remains on serving homeowners across the United States while improving operational efficiency through technology and automation.
