Yahoo recently laid off 2,000 employees. Will some of those workers soon be living and working in Detroit?
They will if Quicken Loans has anything to do with it. Detroit-based Quicken has banded together with other local companies such as Detroit Venture Partners and Fathead.com to create ValleytoDetroit.com. The goal of the site is to convince recently laid-off Yahooians — and any other engineers who might be interested — to give the Motor City a try. Applicants through the site will also enjoy an expedited hiring process. Interested workers can start the interview process right away and fly out to Detroit for the next round fairly quickly.
There are no shortage of engineering jobs in Silicon Valley, and many laid off workers will probably opt to stay put. But for folks longing for a change, Detroit's reemerging auto industry and growing startup culture might be an attractive proposition.
In any case, the dark days of 2008, when Detroit trailed the national wage growth trends by 20 percent, seem to finally be behind the city. Q4 2011 saw the strongest quarterly wage growth in almost two years.
And then, the move might appeal to workers' sense of adventure. As Quicken Loans’ CEO Bill Emerson says, "Not only does Detroit make for a great place to start or grow a business, but it’s also a great option for those who want to be on the ground-floor of rebuilding and reinventing a great American city."
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(Photo Credit: Detroit Venture Partners)