Dan Gilbert's Rocket Companies Lays Off 2% of Work Force After Redfin Acquisition

Dan Gilbert

Detroit-based Rocket Companies has laid off about 2 percent of its 14,000-plus workforce, the website HousingWire reports.

The layoffs come just weeks after the company completed its $1.75 billion all-stock acquisition of real estate brokerage Redfin.

“Following the Redfin acquisition, we carefully reviewed our combined structure, identified overlapping roles, and made the difficult decision to streamline teams,” a spokesperson wrote to HousingWire. “These decisions weren’t made lightly. They reflect changes needed to build a focused organization for the future.”