Pros
When I started with Opendoor, there was a great group of people there. Then the CEO/Founder gave up his position in the fall of 2022 and the place just fell apart. The first mass layoff of November (and another more recently in April 2023) was ruthless and really showed that this company has ZERO loyalty to their employees, as they literally chose to lay off the most tenured team members first).
Cons
Due to the mass layoffs, if you remained at Opendoor you were expected to now pick up the work of 4-5 employes (easily) for the same pay rate as a salaried employee with no overtime. I received a glowing performance review right before being cut. You know something is severely toxic when they would rather give a raise and promotion to a poor leader, one who is extremely negative and self-serving- then to keep up to 3 individual contributors on the payroll. This company without it's Founders Eric Wu and Ian Wong at the head- as well as the guidance from Daniel Morillo, the recently departed Chief Investment Officer is heading down a terrible path and so if you value yourself, and your career then please stay away from this company.
