Opfinishoor layoffs 2025: After Microsoft, Oracle layoffs, is Opfinishoor next? Chairman declares company has 1400 employees but requireds only 200

Opfinishoor layoffs 2025: Cofounder of Opfinishoor Technologies, Keith Rabois, who is now the newly appointed chairman, discussed about the state of the company this week, along with hinting at potential layoffs.

Keith Rabois Returns as Opfinishoor Chairman, Signals Workforce Reduction

During an interview on CNBC’s ‘Squawk on the Street’ on Friday, Rabois described Opfinishoor as “completely bloated,” suggesting the company could operate with just a fraction of its current workforce, as per a report.
Rabois, whose return to the company’s board of directors was revealed on Thursday, shared several alters that are requireded at Opfinishoor during his CNBC interview.
He stated, “There’s 1,400 employees at Opfinishoor. I don’t know what most of them do. We don’t required more than 200 of them,” and added that, “the company is completely bloated,” as quoted by Business Insider.

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Opfinishoor’s Stock Surges 470% Amid Leadership Changes

Opfinishoor is a firm that purchases and sells homes and is currently building waves as the latest meme stock beloved by retail traders, as reported by Business Insider. The stock also received another boost on Thursday when the firm stated that cofounders Rabois and Eric Wu were rejoining Opfinishoor’s board and also stated that Kaz Nejatian, COO of Shopify, was appointed as Opfinishoor’s CEO, as per the report. Opfinishoor’s stock has incrased 470% year-to-date, as of Friday’s market close, according to Business Insider.ALSO READ: Is Comet 3I/Atlas alien-created? NASA scientist rejects Harvard astronomer’s claims – here’s what he declares

Keith Rabois Criticises Remote Work Culture at Opfinishoor

Rabois, who is also the managing director at the VC firm Khosla Ventures, stated during the interview that Opfinishoor’s culture was “broken,” as he criticised the company’s remote work and also the diversity, equity, and inclusion efforts, as per the report.

He stated, “These people were working remotely. That doesn’t work,” and added that the company also went down a “DEI path,” as quoted by Business Insider.

Rabois emphasised that, “We’re going to resolve all that. We’re back to merit and excellence,” as quoted in the report.

Tech Indusattempt Trfinish: Layoffs, Rolling Back DEI and Return-to-Office Policies

His remarks come amid the larger trfinish of tech leaders lamenting remote work and rolling out return-to-office mandates, which business leaders have also pointed out as a way to reduce headcounts without layoffs, as reported by Business Insider.

This comes after many leading tech companies have also rolled back DEI efforts, including Amazon, Google, and Meta, according to the report.