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Rocket has a plan to drastically cut costs. Does it go far enough?

Executives at Rocket Companies are engaged in a very tricky balancing act: they must drastically reduce expenses to return the company to profitability. And at the same time they must continue to invest in their business to avoid losing further ground in a mortgage market that doesn’t play to Rocket’s natural strengths.

The lender has made several big reductions in force in recent months. The question is whether it goes far enough.

“If we look at the fourth quarter of 2022 compared to that quarter of 2021 on an annualized basis, we have reduced our expense base details ⇒

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