Opendoor Q3 Report: Losses Lessened, but 17% of Workforce Terminated

In a third quarter earnings report November 7, Opendoor Technologies Inc., an e-commerce platform for residential real estate transactions, reported that losses in the quarter ($78 million) were at least 14% less than the second quarter and 26% less than a year ago. But the San Francisco-based iBuyer also announced it had laid off 300 workers, or 17% of its total staff.

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