Opendoor Technologies Inc.
UNVERIFIED

Opendoor Technologies Inc. | Layoff Event

November 7, 2025 • 147 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

Is Opendoor (OPEN) Using Doma’s Tech to Quietly Redefine Its End-to-End Housing Strategy? - simplywall.st
simplywall.st • Apr 2
Opendoor Technologies Stock ($OPEN) Opinions on Doma Acquisition - Quiver Quantitative
Quiver Quantitative • Mar 31
Opendoor Technologies Stock Is Down 50%. Is It Finally Time to Buy? - The Motley Fool
The Motley Fool • Mar 18
Opendoor Technologies Surges 6% — Here’s What’s Fueling the Retail Frenzy - Yahoo Finance
Yahoo Finance • Mar 17

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 →
10-K 10-K
Feb 19
8-K 8-K
Feb 19
8-K 8-K
Jan 26
8-K 8-K
Dec 15

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