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Opendoor lays off 18% of workers in wave of housing cutbacks - Vimarsana News

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.

Opendoor Technologies lays off about 18% of workforce - Vimarsana News

Opendoor Technologies lays off about 18% of workforce

(Reuters) - Property-selling platform Opendoor Technologies Inc is laying off about 550 employees, Chief Executive Officer Eric Wu said on Wednesday. ...

Source: wsau.com
Opendoor Lays Off 18% Of Workforce Ahead of Q3 Earnings Call - Vimarsana News

Opendoor Lays Off 18% Of Workforce Ahead of Q3 Earnings Call

The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market.

Source: inman.com
Opendoor Lays Off 18% of Workers in Wave of Housing Cutbacks - Vimarsana News

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 US housing demand

Opendoor lays off about 550 employees, or 18% of its workforce - Vimarsana News

Opendoor lays off about 550 employees, or 18% of its workforce

The real estate tech company said it is navigating "one of the most challenging real estate markets in 40 years."