Anyone get their PTW win taken from them? Hang the carrot out there then say, "oh we changed it but didn't tell anyone."
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Topics regarding layoffs at Rent-A-Center Inc.
80 DM's let go today from info I got with a realignment along with it
Vintage Capital exec calls Rent-A-Center management 'a bunch of crooks' in civil trial over failed merger...
Anybody have friends in high places that know which districts and DM’s are getting cut?
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
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
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
If the economy turns around, do you anticipate any Rent-A-Center Layoffs in 2019?
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
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
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
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
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
An entire repair department got laid off recently in the dfw area. Hundreds of people.
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
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
Get ready, franchising of stores is about to pick up speed. State by state. Company goal to franchise all stores as fast as possible.
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
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
Rumor that company is paying for ceo rental home?? 5000 per month??
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
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
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
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
Nobody knows anything? Everyone lied on here knowing anything about the buyout.
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/
Pack your bags, we’re being sold. Deal effective may 25th.
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
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
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?