Opendoor Technologies Inc.
UNVERIFIED

Opendoor Technologies Inc. | Layoff Event

November 7, 2025 • 56 days ago
300 affected • 21.4%

Layoff Details

Reason
Opendoor Technologies Inc. implemented a workforce reduction of approximately 300 employees, representing 21.4% of its staff, as part of a strategic restructuring and cost-cutting initiative. Led by new CEO Kaz Nejatian, these measures are aimed at returning the company to profitability by the end of 2026. The restructuring includes an end to outside consultant contracts, a refocus on in-office work, and a strategic shift towards becoming a software and AI company, addressing ongoing cash burn and prioritizing strategic growth initiatives.

Stock Performance Around Layoff

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Recent Opendoor Technologies Inc. News

Opendoor stock today: OPEN edges up in premarket as traders watch jobless claims, rates - ts2.tech
ts2.tech • Dec 31
I'm Sounding an Alarm on Opendoor Technologies Stock Following Its Massive Drop This Month - The Motley Fool
The Motley Fool • Dec 26
The Next Big Opportunity? These Two Stocks Could Double by 2026 - NAI500
NAI500 • Dec 31
Could Buying Opendoor Stock Today Set You Up for Life? - Yahoo Finance
Yahoo Finance • Dec 13

Stock Price

$7.15
OPEN
↓ -5.67% day

Company Info

Industry
Real Estate Services
Sector
Real Estate
Headquarters
Tempe, AZ, United States
CEO
Mr. Kasra Nejatian
Employees
1,470
View Company Profile

Event Snapshot

Employees Affected 300
Percent of Workforce 21.4%
Verification UNVERIFIED
No other canonical layoff events recorded for this company.

Financials

Market Cap $5.56B

SEC Filings

View All →
8-K 8-K
Dec 15
8-K 8-K
Nov 21
8-K 8-K
Nov 7
8-K FORM 8-K
Nov 6

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