Opendoor lays off 35% of staff

Opendoor, perhaps the most prominent and well-funded startup in the instant-homebuying business, just laid off about 600 employees, a month after the coronavirus pandemic forced it to abort home purchases. “Though this was difficult news to deliver, our focus here at Opendoor remains the same,” Eric Wu, the company’s co-founder, told The Information, which broke the news. The layoffs equate to about 35 percent of the company’s staff. The company was valued at $3.8 billion

source https://therealdeal.com/2020/04/15/opendoor-lays-off-35-of-staff/