Opendoorâs 85% Layoff PlanâRemote Work and DEI Declared Enemies
In a bold move worthy of an office supply chain lobbying congressman, Keith Rabois, returning chairman and Khosla Ventures superhero, declared Opendoor 'bloated' with 1,400 employees but 'only needs 200.' Speaking on CNBC's Squawk on the Street on September 12, 2025, he condemned remote work as a productivity 'nonstarter' and called out the company's DEI efforts as part of the 'broken culture.' Meanwhile, Opendoorâs meme stock status skyrocketed with shares up 470% YTD, further fueled by cofounders Rabois and Eric Wu jumping back on board and hiring Shopifyâs COO Kaz Nejatian as CEO. The plan: slash staff by approximately 85%, ditch Zoom calls, and bring back 'merit and excellence.' Because nothing screams greatness like public layoffs alongside a shaming of diversity initiatives.
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Keith Rabois wants to fire 1,200 Opendoor workers because they dared to work remotely and embrace DEI. Meanwhile, the stock soars 470%. Congrats on solving homelessness and workforce morale simultaneously.
Opendoorâs new strategy: âCut 85% of employees, ban remote work, erase DEI, and watch shares pop 470%.â Because nothing says âsolid businessâ like ruthless purges and culture straight out of the â90s.
When your tech companyâs culture is âbrokenâ due to remote Zoom calls and DEI, obviously the only fix is firing everyone except the essential 200. Welcome back to OpenOffice Dracula edition.
Source: Businessinsider | Published: 9/13/2025 | Author: Kelsey Vlamis
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