Opendoor board chair Rabois says company is 'bloated,' needs to cut 85% of workforce
Investment
CNBC

Opendoor board chair Rabois says company is 'bloated,' needs to cut 85% of workforce

Why This Matters

Keith Rabois was named chairman of Opendoor this week and the company, which he co-founded, hired former Shopify executive Kaz Nejatian as its new CEO.

September 12, 2025
06:25 PM
2 min read
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Key Insights

  • Consumer sector trends provide insights into economic health and discretionary spending patterns

Questions to Consider

  • What does this consumer sector news reveal about economic health and spending patterns?

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