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Rocket, UWM Cut Jobs After First Losses Since Going Public

Rocket Companies and United Wholesale Mortgage have revealed thousands of job cuts shortly after each posted its first quarterly loss as a public company. So reports the Detroit Free Press.

UWM 150x150The parent of Rocket Mortgage said in an SEC filing that it was down to 18,500 employees as of December 31, versus 26,000 at the end of 2021.

UWM, in its own annual disclosure, said that its headcount was roughly 6,000, down from 8,000.

Read the full article from Detroit Free Press.

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