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Home buying startup Opendoor lays off ~550 employees, or ~18% of its staff, after higher rates and a shift in prices forced the company to sell homes at a loss (Patrick Clark/Bloomberg) https://ift.tt/9nURSo6

Patrick Clark / Bloomberg:
Home buying startup Opendoor lays off ~550 employees, or ~18% of its staff, after higher rates and a shift in prices forced the company to sell homes at a loss  —  Opendoor Technologies Inc. is laying off about 550 employees after higher mortgage rates cratered US housing demand.



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