In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles.
Source: Inman News
Opendoor lays off 22% of its workforce in latest round of cuts
More from Carrie WheelerMore posts in Carrie Wheeler »
More from compassMore posts in compass »
More from existing-home salesMore posts in existing-home sales »
More from ibuyerMore posts in ibuyer »
More from Industry NewsMore posts in Industry News »
More from keller williamsMore posts in keller williams »
- The modern tech stack agents and brokerages need now: Streaming
- Lesson Learned: This isn’t influencing. It’s business
- In an uncertain market, Inman Connect New York offers solutions
- We asked 5 new agents, ‘How’s business?’ Their answers might surprise you
- How safe are real estate agents really? The Download
More from layoffsMore posts in layoffs »
- Ally Financial’s exit from mortgage will impact Better, HouseCanary
- Flagstar shedding 1,900 workers, but many could land at Mr. Cooper
- Side debuts profit-sharing program, lays off staff members
- Redfin lays off nearly 100 Redfin Concierge service employees
- Offerpad confirms layoffs after ‘restructuring’ amid down market
More from offerpadMore posts in offerpad »
- Opendoor’s resurrection: Will there be an iBuyer afterlife?
- He started the Opendoor stock rally. Now he wants the CEO out
- Opendoor grows revenue and trims losses in 2nd quarter rally
- Offerpad sees declining revenue, but trims losses during Q2
- ‘Meme stock’ surge lifts Opendoor out of delisting danger zone
More from opendoorMore posts in opendoor »
- Better shares soar on bullish thesis by activist investor Eric Jackson
- Opendoor continues C-sweep with CFO swap
- Opendoor’s resurrection: Will there be an iBuyer afterlife?
- Here’s how much extra money you’d have if you invested $1K in Opendoor last month
- Opendoor announces new CEO: Shopify’s Kaz Nejatian
More from Opendoor ExclusivesMore posts in Opendoor Exclusives »
- Opendoor posts significant decline in revenue but narrows losses in Q4
- Opendoor founder Eric Wu leaving company to focus on startups
- Opendoor can’t hang on to profitability as Q3 revenue craters
- Redfin exec: Clear Cooperation is failing to stop pocket listings
- Opendoor rebounds with profitable Q2 despite steep revenue decline
More from RedfinMore posts in Redfin »
- Here’s what comes next in the Compass-Anywhere deal
- Compass to acquire Anywhere in $1.6B deal, capping rise to top
- How the growing buyer power shift is reshaping the real estate market
- These are the states where homeowners will benefit most — and least — from new SALT cap
- Compass calling foul on MLS rules is hypocrisy
More from SelectMore posts in Select »
- What real estate agents can learn from TikTok, Tylenol and Disney
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Former agent convicted of swindling woman out of her home
- Is fall the new spring? Market winds may be shifting, NAR says
- I’ve studied real estate marketing for 31 years. Here are 7 essentials for effective marketing campaigns
More from TechnologyMore posts in Technology »
More from ZillowMore posts in Zillow »
- Where the industry stands on the Compass-Anywhere deal: Top 5
- How the Compass-Anywhere deal could spur an ‘arms race’
- Does the Compass-Anywhere deal set the stage for a private listings culture clash?
- Experts see Anywhere acquisition as bid to remake real estate in Compass’ image
- Compass agents see play for Anywhere as a power move
Be First to Comment