Opendoor Lays Off 18% Of Staff
The decision was announced by CEO and Co-founder Eric Wu in a blog post.
The decision was announced by CEO and Co-founder Eric Wu in a blog post.
Unable to sell its forward mortgage origination unit, FoA decides to close it.
Layoffs could total as many as 378, including 108 in California.
Cut come two weeks after Angel Oak Mortgage Solutions reduced staff by 20%.
Affiliate of real-estate franchiser Keller Williams says cuts were a result of 'macroeconomic' conditions.
About 20% of its staff, or 75 people, were affected.
Company announced the layoffs Sept. 16, citing 'economic conditions.'