Opendoor Technologies Inc.

Opendoor Technologies Inc.

Real Estate Services • Real Estate • Tempe, AZ, United States • OPEN (NMS) •

Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes. The company offers sell to opendoor product that enables homeowners to sell their home directly to it and resell the home to a home buyer; list with opendoor product that allows customers to list their home on the MLS with opendoor and receive cash offer; and opendoor marketplace product that connects the home seller with an institutional or retail buyer. It also provides real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.

Stock Performance (90 Days)

Data through Nov 14, 2025
Layoff Events
Earnings Calls
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Layoff History

300 employees (21.4%)
Nov 7, 2025
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.
Source: Companies that announced Major Layoffs and Hiring Freezes | Intellizence View Source →

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