Opendoor shuts India ops, cuts 250 jobs as AI reshapes offshoring

Opendoor Technologies announced it will wind down its India operations, affecting roughly 250 employees in Chennai, Bengaluru and Hyderabad. CEO Kaz Nejatian said the work will be moved closer to Opendoor’s U.S. customers and that the company is shifting to smaller AI‑native teams. The move follows a broader reduction in headcount – the firm had about 1,042 employees worldwide at the end of last year, down from 1,470 a year earlier – and reflects its effort to unify manual workflows, automate processes and rely less on offshore labor.

The decision has sparked discussion about artificial intelligence’s impact on the outsourcing model that has made India a major Global Capability Center market, employing over 2 million people and generating close to $100 billion in revenue. Analysts view Opendoor’s exit as an early example of AI reducing the economics of offshore work. The company said affected staff will receive severance, outplacement assistance and that a small subset will stay on to complete the transition. Opendoor’s stock rose about 8% after the announcement, highlighting investor interest in the AI‑driven restructuring.