Does anyone know how soon?
Topics regarding layoffs at Rent-A-Center Inc.
RAC HQ is up for grabs and on the market. After ALL the layoffs looks like RAC needs to downsize office space. What's next?
I don't understand how skip/stolen was 3.2% this quarter vs last year 3.1% if online (i think this is riskier) was up 38%. Any thoughts?
All this negativity and that release says we're doing great. We're turning around a corner so let's stop the negativity
So yesterday I was demoted from a DM yo store manager even though I was producing numbers and trending positive. Wanna know why? Be one of my coworkers requested a work accommodation. I am now working under the DM I trained. Watch out cause snakes... — read more
After we went to six months same as cash, we got a bump but now things are slowing down. Do you think corporate would go back to using part-time? Some of us are worried how things (hours, etc.) could change if this keeps going.
Just heard that everyone in another department will be let go soon. The people at the very top really dont care about you as it they will continue to cut down the n headcount to make their numbers. Better start using your PTO and vacay days as I... — read more
When are they closing locations and what locations are on the chopping block. I'd like to find: location number of people laid off dates for closure reasons for closure the plans for leases and real estate Anyone has more info on what locations are... — read more
Does anyone know what company is doing all the repairs for RAC after they closed all of the repair centers?
Hedge fund said RAC would be worth $39 by the end of the year.
First test for new and improved rac, can they hit credit on Easter weekend (the right way)or will they not improve the lives of their customers and coworkers? Aarons get ready for some new customers!
It's been interesting reading the messages on this board and I sincerely hope either things turn around or you can find a better opportunity. I'm neither long nor short the stock, and came across the company while reading about the Vintage deal so I... — read more
Success can be had in this business if you do it the right way. The right way is usually ignoring what upper management says and to do it the way you would had you owned the store. I have had many years of success and have given myself and my... — read more
I know there's been a lot of negativity lately, and for good reason. My store is doing okay, but I have my concerns. I guess for the company overall, the majority of costs that can be cut have already been cut. I think. I don't know how many stores... — read more
Can't really say much about whats going to happen in may, saw a comment on here mentioning it and decided to raise awereness of something really bad coming down the pipeline to everyone... Reason? Well it's high up the ladder. The Big guys read these... — read more
They cheat to hit the numbers. You know how this ends.
Any word on the hearing today? Some are worried about job if Vintage wins.
I was a store manager for several years, and let me tell you, I've seen it all. Yelling matches in SM meetings, whole stores quitting at once, fake D's, and stores faxing 20-30 extension requests to hit numbers. I was there when high touch was phased... — read more
Ok so everyone needs a form of management but for DMS to have 9-10 stores that they really do not contribute true success to instead just an email or text to pressure stores to produce numbers that were obtainable a few years ago seems like a waste... — read more
Anyone get their PTW win taken from them? Hang the carrot out there then say, "oh we changed it but didn't tell anyone." — read more
Vintage Capital exec calls Rent-A-Center management 'a bunch of crooks' in civil trial over failed merger...
80 DM's let go today from info I got with a realignment along with it
I am not with the company so I can give an honest perspective. The locations would not operate well without layers of management. The shrink would be through the roof, customers would not be serviced properly and there would constant infighting... — read more
DMs really contribute nothing to the success to any store they just email numbers up and send texts out stressing credit and salesstores can have an automated line for that. Store Managers are the core of the store in the field doing the work. DMs... — read more
Anybody have friends in high places that know which districts and DM’s are getting cut?
While I generally agree that the management is distant from the employee base, I can’t buy the story that they are unfamiliar with the toxic culture and cut-throat atmosphere within the stores. In fact, I think they are encouraging this behavior... — read more
Don’t make the same mistake I made. Rent-A-Center will promise you the moon and tell you everything you want to hear to get you in the door and none of it will turn out to be true. And there is zero use in complaining. Not to mention, the customers... — read more
When you can’t decide whether you’re more afraid off layoffs or you are secretly hoping you would be cut, then you know you're not working in a good place. I don’t know how is it going for the management bigshots but for the store-level employees... — read more
It's been a while since I've last heard about a location closing. While I know that would usually be considered good news, I'm starting to worry that this might be the calm before the storm. Am I worrying for nothing? I know everything points to us... — read more
I honestly don't understand how Rent-A-Center can even consider more layoffs - at least on the store level - when we are severely understaffed as it is. We are expected to do daily 12-hour shifts due to this, which means that if you work here you can... — read more
All this noise about no merger because the turnaround is working. Who started this turnaround plan and was against selling from the beginning? Mark Speese. Mitch Fadel should be kicked to the curb. Bring back Mark and let Mark finish the work he... — read more
I work for an investment firm and I've been tasked with looking into RCII as well as Aaron's. I'm getting up to speed with the current issues and one area I'm trying to figure out is that same store sales have been strong in 2018, is this because... — read more
With the Acceptance Now Collection Centers closing and laying off Collection Staff entirely, along with the type of customers base, payments delinquency is rising quick. The huge savings that made the financial reporting look so profitable might back... — read more
Item 4. Purpose of Transaction. Item 4 is amended to add the following: On December 21, 2018, Vintage Capital filed a complaint in the Court of Chancery of the State of Delaware for a declaratory judgment, breach of contract, specific performance... — read more