Opendoor Winds Down India Office Affecting 250 Staff, CEO Cites AI-Native US Teams as Replacement for Offshore Manual Workflows

Opendoor Technologies CEO announced on June 10 the wind-down of the company's India operations, affecting approximately 250 employees who had managed manual workflows across fragmented systems. The CEO stated that unified AI systems and new AI-native customer-facing hires in the US have made the offshore center redundant, framing the closure as proximity to customers rather than cost-cutting. Opendoor stock gained 8% on the announcement, with investors interpreting the move as validation of the company's AI-led operational restructuring.