Opendoor says it will cut 550 employees as the $1.5 billion home-flipping company struggles to turn a profit

Home-flipping giant Opendoor said Wednesday that it would cut its workforce by 550 employees, or roughly 18% of its staff.  Eric Wu, the company's chief executive and cofounder, blamed the downsizing on "one of the most challenging real estate markets in 40 years"...