Thread regarding Quicken Loans layoffs

Quicken Loans is firing people at a rapid pace

It’s true, Quicken Loans is firing people at a rapid pace, they are finding any little thing to build a file against employees and once they feel they have enough ammunition; you’re gone. I’ve been with the company for over 10 years and have never seen such low moral with employees, this is due to everyone not knowing if they will be the next to go. It’s like walking on eggshells. The very foundation the company was built on is gone. It is not a great company to work for. It’s super stressful walking into work everyday no knowing if it could be your last.

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| 17157 views | | 14 replies (last September 5, 2022)
Post ID: @OP+UKKUWSt

14 replies (most recent on top)

Well after 10 years with the company and 4 on the wholesale side, I and 70 other AE’s were asked he we would like 10K or go to retail banking. This company is sh-t now, they have a vp that use to do real estate fraud and he gets to keep his job, funny right?

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Post ID: @nPzns+UKKUWSt

For those who are staying, I hear they are moving over to Servicing. What are the duties of the Serving Team and what is pay rate?

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Post ID: @lHujw+UKKUWSt

Layoffs are happening today.

I seen they were offering amrock Severance packages today.

All they want you to do is voluntarily quit what the f***

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Post ID: @lGyiw+UKKUWSt

Why no posts about whats happening right now? Is this page owned by Quicken management?

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Post ID: @lGguk+UKKUWSt
The entire exit interview process felt very rushed, like they were racing to get me off the phone as quick as possible.

Turns out they laid off a bunch of HR folks a couple of months ago and they actually don't have enough of them to lay people off any faster! More layoffs to come...

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Post ID: @khyvt+UKKUWSt

They are doing it again only this time, they're waiting until the holidays to do it. I had been with the company for over five years and in the middle of my day I get a random call on teams from my team leader, and when I join it's me, my leader, director and Human Resources rep. I was told that "a leadership decision" was mad to "separate" me.

That's it; they wouldn't say anything other than that and my leader and director refused to even talk to me when I asked if they had anything to say; just sat there silent like cowards. I was then told to lock my computer and keep a look out for boxes that I will be getting to return their equipment.... I asked why after this time with the company I can't get an answer as to why I'm getting let go, their useless "Team Relations Specialist," just said "This call is over, good luck to you." and hung up!

ALL OF THIS JUST ONE WEEK BEFORE CHRISTMAS!!!!

Afterward, I found out from some other people that anyone that was a contractor, on any sort of corrective action plan or made any mistakes during 2021 got let go....it didn't matter what your current performance was or what you did to get back on track.

The worst one I've heard is: a loan underwriter was rated "needs improvement," in May of 2021. He got back on track, ki---d it the rest of the summer and got certified to fully underwrite loans. But it didn't matter what he did the rest of the year because he had a "needs improvement" rating sometime this year he got fired- even though at the time he was rated "exceeds expectations." His leader fought to keep him but was told if he didn't do it he would be let go also.

Make no mistake, Rocket Mortgage no longer cares about their team members and their "ISMs" are just sentences they put in a fancy book to brainwash people into thinking that it's such a fun place to work. It started going down hill when Dan had his stroke, Bill stepped down and Jay and Bob took over.

The company also makes you think that Bob, Jay and the other "senior" leaders are these nice, caring people - they're not. When the cameras are off - Bob and Jay are infamous for being not only two of the meanest and shadiest people in the business but alive. Dan is not even there anymore because if he was he would be furious at the type of company it has become.

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Post ID: @jGlgy+UKKUWSt

They’re doing it again. Team members getting separated and team leaders or fleeing.

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Post ID: @jEeom+UKKUWSt

Literally Dan Gilbert and his band of baboons are disgusting crooks. Bob Walters himself has his credit altered when he doesn't pay his mortgage, I worked for the servicing department and he wouldn't pay his mortgage on time but yet we would report to the credit bureaus that he did. So much s-xual harassment that goes on as well. Quicken loans gave me hope for a good world filled with good people as I worked through the years I found the very foundations the company was built on crumble in pieces and a new foundation of deceit and apathy was built.

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Post ID: @7Tjvc+UKKUWSt

14 years here and I was one of the company's best employees, but it's not over with me. I was always defend my work ethic and family against anyone or any corporation.

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Post ID: @2Kilm+UKKUWSt

Every word is true. Quicken won't lay off...they will give you "options" where the best option is to quit.

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Post ID: @Rpay+UKKUWSt

True

The very foundation the company was built on is gone

The old company is gone, not it's just an empty shell and a lot of backstabbing.

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Post ID: @Iyuu+UKKUWSt

My wife was let go in July, she was devastated after 10 years with the company - she felt the company was like a family, but it turned out that she was wrong.

Shame.

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Post ID: @bprs+UKKUWSt

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