Detroit-based Rocket Corporations is providing voluntary separation packages to some workers as a part of its consolidation following final 12 months’s acquisitions of Mr. Cooper Group and Redfin.
“Rocket, Mr. Cooper and Redfin share a imaginative and prescient of a stronger, extra related homeownership platform constructed for long-term energy,” a Rocket spokesperson mentioned. “As integration has progressed, we recognized overlapping obligations and areas for elevated effectivity.”
The spokesperson mentioned voluntary profession transition plans have been provided to pick areas of the enterprise however didn’t specify which groups or what number of workers are affected. The information was first reported by The Mortgage Scoop.
Staff who take part will obtain a tenure-based severance package deal, well being advantages for as much as 12 months and transition assist, together with job search help.
In July 2025, Rocket carried out a companywide layoff weeks after finishing its $1.75 billion all-stock acquisition of Redfin, impacting roughly 2% of its workforce.
The acquisitions expanded Rocket’s complete workforce to 23,500 on the finish of 2025, up from 14,263 a 12 months earlier, together with workers in the US, Canada and India.
Financially, Rocket reported a GAAP net loss of $234 million in 2025 however posted adjusted web revenue of $628 million. Complete web fee lock quantity reached $132 billion, with closed mortgage originations of $130.4 billion and a gain-on-sale margin of two.83%.
