US-based real estate technology company Opendoor is shutting its India operations, impacting nearly 250 employees as part of a restructuring plan focused on artificial intelligence and operational efficiency.
The company has informed staff that India-based roles will be phased out and moved closer to its main customer base in the United States. Employees affected by the decision will receive severance benefits and transition support.
Opendoor said the move is aimed at simplifying operations and increasing the use of AI tools to automate routine tasks and improve productivity. The company uses technology to streamline home-buying and real estate transactions. The closure reflects changing business priorities and a greater focus on automation.