Opendoor Board Chair Says Company is 'Bloated,' Needs To Cut 85% of Workforce

Keith Rabois, co-founder and newly minted board chair of Opendoor, said remote work and a 'bloated' workforce have been a drag on the online real estate platform's culture, as he vowed to slash headcount. CNBC: 'There's 1,400 employees at Opendoor. I don't know what most of them do. We don't need more than 200 of them,' Rabois told CNBC's 'Squawk on the Street' on Friday.

Read more of this story at Slashdot.