Opendoor Shuts down in India

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Opendoor is shutting down its India operations, affecting around 250 employees. The company says that since most of its customers are in the US, it wants its operational work to be based there as well. It also clarified that this decision has nothing to do with the performance of its India team.

What’s interesting is the reason behind the move. For years, companies built large teams in India because of the talent and cost advantages. Now, some companies seem to be placing more importance on being closer to their customers. Do you think this is just an Opendoor-specific decision, or could more companies start thinking the same way?

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I am usually optimistic on India but Indian IT industry is about to take a massive hit imo

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Do you think this is the perfect time to acquire more IT Bees?

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I don’t know really but why do you think it is worth accumulating when AI is devouring IT skills?

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What I believe is that AI won’t replace IT, it will become a part of IT. just wondering what will be bottom.

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New technology always give rise to new players, Indian IT services were just doing labour arbitrage, when AI becomes cheaper and better than Indian labour, there wont be any reason for clients to keep paying for both Ai and labour

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Was this why IT was down again today?

Anyway, what does IT cos having strong order books mean? Customers can’t get the projects done using AI right?