Would you believe a tech boss just said almost everyone at his company could be replaced—by AI? In a jaw-dropping moment on CNBC, Keith Rabois, board chair of Opendoor, didn’t mince words: out of 1,400 employees, he thinks maybe 200 are actually needed. The rest? He’s not sure what they do—and believes AI can do most of it better, faster, and cheaper.

Opendoor isn’t just any company—it’s a giant in the online real estate space, letting people buy and sell homes with a tap of their phone. But lately, it’s been catching headlines for more than just its business model. The company’s stock has skyrocketed 500% this year, earning meme-stock status after a sudden wave of retail investor hype, all sparked by some viral advice from a hedge fund manager. While some are calling it the next GameStop or AMC, Rabois is quick to shoot that label down, insisting the surge is rooted in real change, not just online FOMO.

And change is definitely in the air at Opendoor. Investors just watched as the company brought in Kaz Nejatian, former Shopify exec, as its new CEO, right after a dramatic leadership shakeup. Former CEO Carrie Wheeler stepped down under investor pressure, showing that big money is steering this ship—and they want results. The stock soared 78% on Thursday, before cooling off with a 13% dip on Friday. The rollercoaster ride has only fueled more speculation about what’s next, and if Rabois has his way, sweeping layoffs could be just around the corner, all in the name of AI-powered efficiency.

But the drama doesn’t stop there. Rabois openly criticized Opendoor’s previous embrace of remote work and DEI (Diversity, Equity, and Inclusion) initiatives, vowing to “fix all that” and get the company “back to its roots”: innovation, in-person collaboration, and—apparently—a much smaller workforce. It’s a brutally honest take that’s left employees, investors, and the tech world buzzing. The AI generated newscast about Opendoor is proof: the future of work is being rewritten in real time.

This isn’t just about one company. It’s a glimpse into a growing trend, where AI promises to shake up industries—and people’s livelihoods—faster than we ever imagined. As Opendoor prepares for its next act under new leadership and the watchful eye of an AI-driven future, the only thing that’s certain is that change is coming fast. The AI generated newscast about Opendoor is the story everyone’s watching, and it’s just getting started.