Opendoor chair says the company currently has 1,400 employees but only needs 200 of them

• Keith Rabois, the new president of Opendoor, said the company’s labor force was “inflated”.

• He also said that the company’s culture was “broken”, referring to the remote work and efforts of the company.

• Opendoor has recently emerged as a breast stock up to 470%.

Keith Rabois, founding and new OPENDOOR Technologies PresidentHe says that the company can reduce the majority of the labor force.

Rabois, which was announced on Thursday after the company’s return to the board of directors. Interview with CNBC“Squawk on the street” on Friday.

“There are 1,400 employees in Opendoor. I don’t know what most of them are doing. We don’t need more than 200, Rab Rabois said,” The company was completely inflated. “

OpenOor who buys and sells a house is currently making waves Last Breast Stock loved by retail merchants. On Thursday, the stock received another support when the company’s founding partner Rabois and Eric Wu re -participated in the board of directors and that Shopify Coo was appointed as the CEO of Kaz Nejatian. At the closing of the market on Friday, the stock increased by 470%.

Rabois, the General Manager of VC’s Khosla Ventures, said that CNBC OpenOor’s culture was “broken” by referring to the efforts of remote work and diversity, equality and involving.

“These people were working from a distance. This is not useful,” he said, “the company” Dei way “fell, he added.

Rabois said, “We will correct them all. We have returned to Merit and perfection.” He said.

Opendoor did not respond immediately to Business Insider’s request for comments.

Rabois’ interpretations are part of a greater trend of remote work and a larger trend of published technology leaders. Office-ofFTICE GORGEOUSwhich business leaders are a way to reduce the number of staff without being dismissed.

A few leading technology companies have taken back their efforts, including Amazon, Google and Meta.

Is there a clue? Contact this reporter via e -mail. Kvlamis@businesinsider.com or signal @Kelseyv.21. Use a personal E -Posta address, a non -job WiFi network and a non -business device; Here is our guide to share the information safely.

Read the original article Work inside