Rent-A-Center Inc. Layoffs

Topics regarding layoffs at Rent-A-Center Inc.

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.

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Post ID: @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 

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Post ID: @W7aq8iK

CEO rental home?

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

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Post ID: @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 

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Post ID: @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 

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Post ID: @TUWqv2Y

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 

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Post ID: @TRWR37X

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 

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Post ID: @TKNcx1D

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 

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Post ID: @TEhk4eM

We Made The List Again (one I don't want to be on)

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/ —  read more 

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Post ID: @Tz1gxes

Nobody knows anything?

Nobody knows anything? Everyone lied on here knowing anything about the buyout.

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Post ID: @TwiGlRv

Who is left to cut in corporate?

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 

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Post ID: @ToiPWbT

They really need to just liquidate the company

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 

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Post ID: @TlhSttc

What happens if we are acquired?

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 

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Post ID: @TkVuazt

crickets

This board has sure gone quiet. Anyone still around?

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Post ID: @Tcyehpa

RAC will be lucky to get what they can

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 

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Post ID: @T6nDXBU

This is why the company is going upside down

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 

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Post ID: @T4GJu5m

It’s over

Pack your bags, we’re being sold. Deal effective may 25th.

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Post ID: @SWnfIyW

The purge continues

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.

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Post ID: @Sn0NkIc

All of the the collection centers nationwide closing

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 

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Post ID: @S9hrsMu

Acceptance Now centers

More acceptance now centers to be closed next week, more layoffs on the horizon.

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Post ID: @S7kImJJ

IT Mostly Outsourced, Execs Mostly Super Rich

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 

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Post ID: @S6YkGDS

Week of 03/06/18

RAC headquarters will be laying off 30% of their IT staff starting mid-week. Truly a sad situation

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Post ID: @S3HgFN9

Is this why?

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 

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Post ID: @RC3GA1F

No promotions based on skill

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 

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Post ID: @Rq0Hwez

Integrity is everything

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 

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Post ID: @QKP8H9G

Can't get more with less

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 

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Post ID: @QHhF1cw

Rent-A-Center Layoffs 2018

Just relax, focus on work, focus on delivering things, making things happen and you will be safe from layoffs anywhere, especially here in Plano.

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Post ID: @PLPbJ5i

Field Support Center Layoffs

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 

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Post ID: @OXJ5hPw

More layoffs

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 

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Post ID: @OUwzdPZ

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