Rocket Mortgage to trim workforce as home-loan market shrinks
The Detroit-based lender is offering a voluntary buyout program following two years of record mortgage-origination volume.
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The Detroit-based lender is offering a voluntary buyout program following two years of record mortgage-origination volume.
Rocket Companies said late Monday that it would be offering buyouts to 8% of its staff at its mortgage operations and title teams.
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.
The largest lender in the mortgage industry, Rocket, is looking to trim its workforce following two years of record loan volume. 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 Crain’s Detroit Business.
/PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based FinTech platform company consisting of tech-driven...