Patrick Clark / Bloomberg:
Home buying startup Opendoor lays off ~550 employees, or ~18% of its staff, after higher rates and a shift in prices forced the company to sell homes at a loss — Opendoor Technologies Inc. is laying off about 550 employees after higher mortgage rates cratered US housing demand.
Home buying startup Opendoor lays off ~550 employees, or ~18% of its staff, after higher rates and a shift in prices forced the company to sell homes at a loss (Patrick Clark/Bloomberg)
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