Opendoor

A few motivated and ethical people.

The executive leadership has been playing a game of hit and trial for the last couple of years to stay afloat. They opened India offices, hired 50+ members, and decided to shut them down after inaugurating offices in Hyderabad and Bangalore in just 4 months. This shows the lack of vision, strategy, and foresight of leadership.

Any company is made of two assets: people and culture. The people who are left after back-to-back massive layoffs (4 since Nov 2022) are just passing the time each day. Being a recent ex-employee, the motivation of people is extremely low.

Don't get clouded by the positivity that's shown during interviews. It's all a facade.

And the culture is horrible. 50+ India employees were informed over a 2-minute Zoom call that they were let go by HR. No leader cared to show up and no 1:1's were scheduled with managers. On top of it, the health insurance ended the same day, and a meager 2-month severance package was handed out.

On top of this, considering how the housing market is not doing great and the interest rates are still high, the product is just hanging by a thread before it dies.