Opendoor Shuts India Operations and Lays Off Employees

US real estate firm Opendoor is closing its India operations. The company has decided to shut down its local team. This move results in layoffs for employees in the region. Roles are being moved to other locations within the firm. The closure marks a significant shift in Opendoor's strategy. Local staff members are affected by this restructuring. The company is transitioning its operational focus. This decision impacts the real estate tech landscape in India.