Opendoor lays off 18% of workers in wave of housing cutbacks
Opendoor Technologies Inc. is laying off about 550 employees after higher mortgage rates cratered U.S. housing demand.
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Opendoor Technologies Inc. is laying off about 550 employees after higher mortgage rates cratered U.S. housing demand.
(Reuters) - Property-selling platform Opendoor Technologies Inc is laying off about 550 employees, Chief Executive Officer Eric Wu said on Wednesday. ...
The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market.
Opendoor Technologies Inc. is laying off about 550 employees after higher mortgage rates cratered US housing demand
The real estate tech company said it is navigating "one of the most challenging real estate markets in 40 years."