Weakening real estate demand and decelerating home prices have put OpenDoor (NASDAQ: OPEN), the world's largest iBuyer, in a tough position. The company reported discouraging third-quarter financial results, which pushed its stock price down another 20%, putting shares at a total loss of 88% over the past 12 months.

Now, the company has announced it's cutting 18% of its staff to help conserve capital and reduce its losses. Mass layoffs, while disheartening, aren't necessarily a sign the company is doomed, but there are indications of trouble ahead.

Let's take a closer look to find out whether investors should be buying at today's rock-bottom pricing or avoiding this stock completely.

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Source Fool.com