June 11 (Reuters) - U.S.-based real estate firm Opendoor ( OPEN )

will shutter its India operations and lay off all 250

employees in the country as it shifts to greater use of AI,

Chief Executive Kaz Nejatian said in a post on social media

platform X on Thursday.

The layoffs come amid growing concerns that advances in

artificial intelligence could displace entry-level and

back-office jobs, while U.S. policymakers increasingly push for

more work to be carried out locally.

Founded in 2014, Opendoor ( OPEN ) operates a digital residential

real estate platform that allows consumers to buy and sell homes

online. The move comes two years after the company expanded its

footprint by opening offices in the southern Indian cities of

Hyderabad and Bengaluru.

"For years Opendoor ( OPEN ) built a large team in India to handle

manual workflows across fragmented systems," the CEO said.

"As we've unified these systems and have hired small

AI-native customer-facing teams throughout the US, we need all

this operational work to be done in person and close to our

customers."