Section 6.09 Employment and Company Benefits. (a) During the twelve (12)-month period following the Closing Date (or, such shorter period of employment, as the case may be), Parent shall, or shall cause the Surviving Company to, provide each Company... read more
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Topics regarding layoffs at Rent-A-Center Inc.
When RAC terminated 250 employees last March - work load got doubled - some departments (if not all) are really finding it hard to complete required expectations. During the merging process, the company might have the realization that we are needing... read more
We all know what this sale to a private equity firm will mean for all of us. The first thing they'll do is figure out how to cut costs and the quickest way to do that is to implement layoffs. I'm just not sure how long do we have before it all starts... read more
I was hoping the whole sale saga would be over after last week, but I guess I was wrong. We got an increased offer, so the sale possibility is back on. I really wish we could at least get a hint of who it is that wants Rent-A-Center so badly they are... read more
I know we have been on this list for a while. Maybe things will change. I had hoped the past years when this came out someone would make changes. https://247wallst.com/special-report/2018/06/07/worst-companies-to-work-for/2/
Nobody knows anything? Everyone lied on here knowing anything about the buyout.
The presentation made by Engaged Capital on how the company can save money showed $300 million in savings in Corporate. That means jobs. Eliminating them. As somebody else mentioned already, corporate is already running on bare bones. Who exactly are... read more
According to the employees I’ve seen kept at local RTO stores, the next company will do much worse. Who would want to buy a ‘lemon’ of a company like this. It’s only a lemon because of the careless employees they have. The company is amazing, but put... read more
How many layoffs are we looking at when (and even if) Rent-A-Center is acquired? These things never end without a major cost cutting that usually only means getting rid of as many people as they can get away with. I'm hoping I'm wrong, but chances... read more
So everyone saying it sold May 25th effective date. Wonder if they announce Monday May 21st or the following Friday or Monday May 28th. Guesses on price? Still think $14 to $16 range
This board has sure gone quiet. Anyone still around?
People keep saying that they already got a bid for $13 so it has to be higher than that. But we know thats not true, given how bad the company did last year. Last year's "bid" doesn't matter. It's like the RAC board and executives bought a 2017 Honda... read more
I was with that company for almost 10 years and the best thing I have ever done was taken a chance and left. I was fired once for calling out my DM (who got the DM job based on his stores sales numbers, not based on knowledge) for giving a 65" and... read more
i just look on the website at the home office and of all the postings only 2 are for hiring people at the office why there used to be alot more
If you knew me, you would know I was telling it the way it is (was). Axed recently. FSC. From being on the inside, I can't tell you whether the company will be sold. Nothing is for sure. I don't care. What I do know, is that if anyone does purchase... read more
District managers jobs are useless they are email pushers forwarding emails from regionals to store managers save the company some money and stop paying them to be at home while stores are open. There job duties are Nonexistent due to store managers... read more
Pack your bags, we’re being sold. Deal effective may 25th.
Anyone have anything to comment about all the acceptancenow district managers that have been laid off??? I hear the core will also be losing DMs as well...
It seems everyday that a handful of new people are no longer with the company. I hope these people are jumping ship, but I doubt it.
They announced today that they are closing all of the the collection centers nation wide and that Rent A Center will run their credit. I'm sure that will go over well. Just thought to bump this up for everybody to see. I'm truly interested to see how... read more
More acceptance now centers to be closed next week, more layoffs on the horizon.
We outsourced a majority of IT. This company is being packaged up for a buyout so the CEO and other execs can cash out and ride off into the sunset. It's funny how they just changed the 2nd floor cubes of the IT department (that was just let go) to... read more
RAC headquarters will be laying off 30% of their IT staff starting mid-week. Truly a sad situation
2/22 Lay off 20 executives 3/12 Party like rock stars 3/?? Lay off a lot of people at the field services center golden rule retired
Someone I know works for this place & tells me a member of upper management says it’s ok to let the store managers do nothing while the store assistants practically run the store. This might be one of the problems. You must have managers who expect... read more
I’ve been with RAC for a number of years and have yet to see promotions based on experience and leadership skills. It seems that employees who show a working knowledge of our company are passed over for those who are less qualified. My experience is... read more
Stop hiring Arron’s employees just to immediately fill a position and focus on your tenured an loyal employees for advanced opportunities. Take a good look at your ‘DM’ work force coupled with who’s doing the promoting and why. They just re-promoted... read more
I’ve been with Rent-A-Center for a little over a year. It’s all I could handle. Store managers and above show no concern for their employees. All they care about are the numbers. To them, sales equals bonuses. I’ve been forced to work my entire shift... read more
Why does management at Rent-A-Center think they can run the company the same way they did twenty years ago? We desperately need to evolve, not stay stuck in the "good-old-days" that weren't always that good, either. One thing they can't seem to... read more
Just relax, focus on work, focus on delivering things, making things happen and you will be safe from layoffs anywhere, especially here in Plano.
It's just too expensive hence all the hoopla. I know it hurts with layoffs but it had to be done. I hope all folks land on their feet quickly... Over the last several years, the cost of operating our FSC organization has grown nearly 50% to 6.5% of... read more
Rent a Center laid off the CTO and the VP yesterday and 60 more IT employees today . That company and management is a piece of junk. Inexperienced management. The only way to deal with the crisis is laying of existing employees rather than focus on... read more
Rent-A-Center laid off folks from the PMO and outsourced their jobs in January. Then they laid off the entire QA org in mid-February, and immediately outsourced their jobs to Cigniti, and Indian company. The company is not the only one in Plano... read more
Is it likely that Rent a Center is going to be bankrupt and going out of business any time soon. If that happens do employees get paid severance and unemployment as in that case there would be nobody to cut checks and help employees. I mean, maybe... read more
I want to know what executives are planning here in Plano.
What is the likelihood of Rent-A-Center layoffs in Plano in 2016? Please let me know if you have any information.