SoftBank-backed US real estate startup Opendoor fires 600 workers

SoftBank-backed real estate startup Opendoor has fired 600 or 35% of its employees amid the coronavirus pandemic, which has impacted the sector. Its co-founder Eric Wu said the firing was "necessary to ensure we continue to deliver on our mission". The US-based startup was reportedly valued at $3.8 billion after $300 million funding led by SoftBank's Vision Fund in 2019.