India, June 11 -- US-based proptech company Opendoor has laid off its entire India team, affecting around 250 employees in total as it builds leaner AI-native teams on its home turf.

"We are finalising bringing these (India-based) roles closer to our customers in America and beginning the process of winding down our India-based operations. This affects all of our colleagues in India who have done meaningful work for Opendoor," CEO Kaz Nejatian said on X.

The executive noted that the company has unified its manual workflows that were earlier handled by offshore Indian employees, and hired small AI-native teams for customer facing roles which would operate better closer to its customer base in the US.

Opendoor will provide severance pack...