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Rocket Mortgage, Amrock seek buyouts amid slumping home lending market

From Crain's Detroit Business: Two businesses housed within Detroit-based Rocket Companies Inc., which has a substantial Cleveland presence, announced Monday, April 26, that they are offering buyouts to a chunk of their roughly 17,000-strong workforce.
Mike Malloy Dan Gilbert Rocket Companies Rocket Mortgage Operations Team Cleveland Cavaliers Us Bureau Of Labor Statistics

Rocket Looks To Cut 8% Of Workforce

The largest lender in the mortgage industry, Rocket, is looking to trim its workforce following two years of record loan volume.ย  Detroit-based Rocket Mortgage and Amrock, its title company, are offering voluntary buyouts to 8% of its workforce, officials reported on Monday. Rocket companies, including Rocket Mortgage, employ approximately 26,000 people, mostly in Detroit. The buyout program was first reported by Crainโ€™s Detroit Business.ย 
Jay Farner Mike Malloy Vishal Garg National Mortgage Rocket Companies Rocket Mortgage Operations Team

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Rocket Mortgage, Amrock seek buyouts amid slumping home lending market

Amid a mortgage market in decline, the nation's largest mortgage lender is seeking to trim down its headcount. Two businesses housed within Detroit-based Rocket Companies Inc. (NYSE: RKT) announced Monday that they are offering buyouts to a chunk of their roughly 17,000-strong workforce, accordingโ€ฆ
Mike Malloy Rocket Mortgage Operations Team Rocket Companies Inc Detroit Based Rocket Companies Rocket Mortgage Operations Team

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