Rent-A-Center Inc. Layoffs

Topics regarding layoffs at Rent-A-Center Inc.

What is the secret?

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 

Future Plan

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 

by
| 798 views | | 1 reply (last )
Post ID: @OP+Ym6kaif

MAYday, change is approaching.

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 

RDs and DMs

They cheat to hit the numbers. You know how this ends.

by
| 985 views | | 4 replies (last )
Post ID: @OP+Y29ncJm

Hearing news?

Any word on the hearing today? Some are worried about job if Vintage wins.

What the REAL problem is.

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 

DMs are paid way to much and do way to little!!

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 

PTW???

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 

by
| 786 views | | 2 replies (last )
Post ID: @OP+XEkYYtc

Legal battle getting intense

Vintage Capital exec calls Rent-A-Center management 'a bunch of crooks' in civil trial over failed merger...

by
| 1017 views | | 6 replies (last )
Post ID: @OP+XBuOFGI

It happened

80 DM's let go today from info I got with a realignment along with it

by
| 1387 views | | 13 replies (last )
Post ID: @OP+XAih9DQ

The dispute continues

https://www.dallasnews.com/business/retail/2019/02/11/trial-begins-rent-centers-disputed-merger-vintage-capital-1265-million-breakup-fee

by
| 701 views | | no replies yet
Post ID: @OP+XA5KILo

Stores need managers

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 

by
| 689 views | | 1 reply (last )
Post ID: @OP+XAKFjBY

Management encourages the cut-throat environment

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 

by
| 841 views | | no replies yet
Post ID: @OP+Xivux9M

Stay away if you can!

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 

by
| 812 views | | no replies yet
Post ID: @OP+XiMfZzt

Nowhere to go but up

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 

by
| 777 views | | 3 replies (last )
Post ID: @OP+XhLJPBF

Any closings recently?

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 

by
| 877 views | | 2 replies (last )
Post ID: @OP+XhriEaL

We need more, not fewer employees

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 

by
| 783 views | | 1 reply (last )
Post ID: @OP+XgMeQFQ

Speese started the turnaround

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 

by
| 1048 views | | 8 replies (last )
Post ID: @OP+Xbu3uIh

Question about store closures

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 

by
| 2053 views | | 12 replies (last )
Post ID: @OP+WSvJToG

Customers' payments delinquency rising quick

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 

by
| 857 views | | 1 reply (last )
Post ID: @OP+WPC1YJk

Amendment - secfiling

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 

by
| 797 views | | no replies yet
Post ID: @OP+WLtUQjV

No merger

Anybody knows how this will affect us? Will we see more or fewer layoffs than if the merger had gone through? Same for closings? This guessing game is really stressful. I can't decide if this is good or bad news for Rent-A-Center employees... —  read more 

by
| 1709 views | | 15 replies (last )
Post ID: @OP+WGXPOfj

Franchising stores ramping up

Get ready, franchising of stores is about to pick up speed. State by state. Company goal to franchise all stores as fast as possible.

by
| 1019 views | | 12 replies (last )
Post ID: @OP+WB7VfoP

We need managers

As a manager at my store, I work my butt off to be able to best serve my customers. My store is growing leaps and bounds right now due to that store-customer relationship and the fact that my 2 competitors in town do not care about the customer, nor... —  read more 

by
| 947 views | | 1 reply (last )
Post ID: @OP+W7aq8iK

CEO rental home?

Rumor that company is paying for ceo rental home?? 5000 per month??

by
| 965 views | | 6 replies (last )
Post ID: @OP+W3s7zsj

Major closing incoming to Rent-A-Center

Well, according to results for first quarter, current strategy of turning the company around through store closures is working. Which means it's going to continue and intensify. We are looking at many more closures in near future. In case you are... —  read more 

by
| 1869 views | | 1 reply (last )
Post ID: @OP+Urj23Qn

Agreement

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 

The worker cannot maintain the pace...

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 

Well, here come layoffs

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 

Sale still not ruled out

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 

Start a new thread - post a news comment, question or message:

: