US-based proptech company Opendoor has announced the closure of its India operations, impacting nearly 250 employees. The company said the decision is part of a broader strategy to align operational teams more closely with its primary customer base in the United States.
According to CEO Kaz Nejatian, much of the operational work carried out in India is now considered more effective when performed closer to customers. The company plans to relocate several roles and functions nearer to its US market as part of its ongoing business transformation.
The move is also linked to Opendoor’s “Opendoor 2.0” strategy, which focuses on simplifying operations and expanding the use of AI-enabled teams and automation across the business. Industry observers say the decision reflects a growing trend among technology firms reassessing global workforce structures in the age of AI.
Founded in 2014, Opendoor is a leading US digital real-estate platform that allows homeowners to sell properties directly through its technology-driven marketplace. The company operates primarily in the United States and has processed hundreds of thousands of residential real-estate transactions.
Opendoor said affected employees in India will receive severance packages and transition support. The closure marks one of the most significant recent exits by a US technology company from India and has reignited discussions about the future of offshore operations in an increasingly AI-driven business environment.
