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Opendoor Chairman Keith Rabois says the company doesn't need 1,400 employees, jut 200 | Fortune
Rabois said he also wants to bring employees back to the office.
Khosla Ventures’ Keith Rabois is back as chairman at Opendoor, and he doesn’t understand why the company’s workforce has gotten so “bloated.” Meta’s Mark Zuckerberg declared 2023 the company’s “year of efficiency” and proceeded to cut headcount and flatten leadership structures. Shopify’s former chief operating officer, Kaz Nejatian will also help right the ship as new CEO, Rabois said, as well as a fresh $40 million capital raise by his cofounder Wu and VC firm Khosla Ventures.
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