During a recent appearance on CNBC’s “Squawk on the Street,” Keith Rabois, a former member of the PayPal Mafia, told a reporter that he felt that the majority of the people at his company were expendable. “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 remarked. He added that “the advent of AI and other technologies” made the workforce reduction a “simple problem” to solve.
https://gizmodo.com/opendoor-layoffs-85-percent-meme-stock-2000658512