Opendoor cuts 500-plus jobs: Read CEO and co-founder Eric Wu's email to employees - Saralmontech - Easy And Simple Tech - Simplified!
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    Home Tech News Opendoor cuts 500-plus jobs: Read CEO and co-founder Eric Wu's email to employees

    Opendoor cuts 500-plus jobs: Read CEO and co-founder Eric Wu's email to employees

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    Opendoor is letting go of about 550 people across all functions. The company's chief executive and co-founder Eric Wu announced the job cuts in a blog post, noting that about 18% of the company's workforce would be affected. The company had already scaled back over 830 positions earlier this year, primarily through a reduction in third-party resourcing, and eliminated "millions of fixed expenses," according to Wu. The San Francisco-based Opendoor has been viewed as a changing force in the US residential real estate market. The company uses an algorithm to price homes, offers to purchase the properties with cash, makes necessary repairs and then resells the homes.

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    Mantu Das

    Hi guys, I am Mantu Das, Author & Founder of this website. Saralmontech is a Tech Blog that helps you with Easy and simple tech - simplified! with blogging. Saralmontech gives ideas about Tech Tutorial, Tech News, Gadgets Review, Computer Tips, Blogging, Adsense, Make money Blogging, SEO, Whatsapp, Facebook, Android, YouTube, Affiliate marketing, and much more. Which can be very very helpful for your daily life. With the help of all of you, our website has become a popular website providing online information in the English language.