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Opendoor Chairman Keith Rabois Calls Company 'Bloated,' Says Only 200 Of 1,400 Employees Needed: Promises Merit-Driven Overhaul - Opendoor Technologies (NASDAQ:OPEN)
Benzinga·2025-09-14 13:14

Returning to the Opendoor Technologies Inc. OPEN board as chairman, Keith Rabois outlined a sweeping plan to slash the workforce and overhaul the company's culture.Rabois Targets Workforce Cuts Amid Overstaffing ConcernsRabois, who was named Opendoor chairman on Thursday, told CNBC on Friday that the company has become "completely bloated." He said, "There are 1,400 employees at Opendoor. I don't know what most of them do. We don't need more than 200 of them." The co-founder indicated that drastic reduction ...