Mortgage Lender Wooing Laid-Off Yahoo Workers To Detroit

DETROIT (CBS/AP) — A financial company that is betting on a Detroit turnaround is trying to lure laid-off Yahoo workers to Michigan.

Quicken Loans has started the website www.valleytodetroit.com to promote the Motor City to Yahoo workers axed last week. Quicken’s businesses include mortgages, venture capital and sports graphics.

Sunnyvale-based Yahoo announced plans Wednesday to lay off 2,000 people, or about 14 percent of its workforce.

The Detroit News said Quicken plans to interview candidates and fly them to Detroit. The company has thousands of workers downtown, and its founder has been snapping up buildings.

Detroit Venture Partners chief executive Josh Linkner said people with skills in marketing and Web development should consider Detroit.

Quicken Loans was previously known as Rock Financial Corporation until it was purchased and renamed in 1999 by Mountain View-based Intuit, maker of makers of financial software QuickBooks, TurboTax, and Quicken.

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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