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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.  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. 

Rocket offers buyout to 8% of mortgage, title workers

If each employee who received this deal accepts it, the company’s headcount will be reduced by about 2,080.

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, according…

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