Topics regarding layoffs at Rent-A-Center Inc.

Topics regarding layoffs at Rent-A-Center Inc.

Layoffs 2024

Store managers in my region are becoming paranoid about potential layoffs coming this year. Due to everything moving to digital, they see that as a move to “automation” and cutting costs on hourly employees. Anyone else hear anything?

Tis the Season to type up fake agreements

Don't believe me. Dive in to any store showing more than 30 agreements per week. You will notice "frequent flyers". This means there are a few customers that always get typed up during a sales event. No money down 3 or 4 weeks free and it sits in the... — read more 

No need for layoffs

This place is so toxic that people are walking out on their own. I hear about somebody quitting on a daily basis. And I can't blame any of them. The moment I get a good opportunity, I'll be gone as well. At least those who want to stay don't have to... — read more 

It’s coming soon!

Every year, coming soon, layoffs right before they have to pay out stock options. Sl--e company, vp’s and director’s, take vacation now… before you are gone. Fish stinks at the head, operations people are complete mo--ns and only think with their... — read more 

Earnings???

Wow, you really have to dig to find financial info about rent a center. Collections are spelling doom and gloom for the "mothership", not only financially but more importantly coworker morale. Can you put a $$$$ amount on low morale? Sounds like... — read more 

Is Upbd really upbound???

Why are investors willing to pay a premium for upbd? Who are these masterminds of finance with so much money? You have to take a hard look to find out. Revenue declines double digits year after year, for multiple years... Hmmmm, go figure. Well great... — read more 

RAC name change and stock ticker?

Why do you think RAC changed the ticker along with the name of the Company? Are they hiding something? Google results? Poor performance or good performance?

Ready for the sling-fest

Why go to rac when you can buy at 65" tv at walley world for 260 bucks? The only sales they will get this week will be a bunch of skips. How many will be real, how many DMs and RDs will be cheating.

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| 858 views | | 4 replies (last December 20, 2022)
Post ID: @OP+1jOspw3E

It's time for a change

Time to franchise all the stores and get rid of the horrible upper mgmnt Rent-A-Center needs a major overhaul and this is a great place to start. What did this leadership do for this company other than destroying it completely? I can't think of one... — read more 

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| 1554 views | | 9 replies (last November 15, 2022)
Post ID: @OP+1jj5KwnD

Q1 changes?

Recent moves are pointing to Q1 changes. Any insights?

Will rcii revise earnings?

The question is will rcii tell the truth about the state of their business or hide it from investors. Look for a spin, excuse or vague statements from the ceo. I read a post from an investor that was surprised by the stock drop for rcii and was... — read more 

All those unrealistic goals...

They try in vain to put the blame on us. It is more or less clear to everyone that they are imposing very unrealistic expectations. I don't want to feel guilty that an unrealistic goal was not achieved. I wonder if they actually want us to leave on... — read more 

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| 1325 views | | 22 replies (last September 27, 2022)
Post ID: @OP+1iBhSAHm

Things that Make you Question this Job

Not to move too off topic but for light fun, what are some crazy stories or incidents that made you question this job in general & make you say what am I doing here?

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| 994 views | | 2 replies (last September 19, 2022)
Post ID: @OP+1iJpLjyA

People leaving very quickly

I've been here too long. I'm literally stuck here. I hope that I will receive a new offer soon. On the other hand, newbies are staying shorter and shorter. Have you noticed that too? Recently, one person left after only couple of weeks here. This... — read more 

Recession proof???

I thought RAC was recession proof? The 4th of July is coming up and credit is sky high AND it falls on a Monday. Start shopping around for a new buyer to save rac...

Credit crisis

How will the Company deal with the credit crisis? Turn a blind eye or fix the problem. I am very happy not to be working at rac!

Memorial day

RAC coworkers need to prep for credit to go sky high, higher than it is now! The consumer will be looking to have fun and not pay bills. Your on the no pay list!

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| 953 views | | 3 replies (last May 24, 2022)
Post ID: @OP+1gSxLu2d

If it can become worse, it will become worse

Despite everything, it was hard for me to give notice because I used to love working here and I hoped that some positive changes would happen. There are still some great people here and I hope that they will soon be able to find better options... — read more 

Out of control delinquency

I hear credit numbers are out of control! Hmm, take a look at those audit trails on Monday so can can see what your DMs and RDs are up too.

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| 1573 views | | 9 replies (last May 4, 2022)
Post ID: @OP+1gvduBMi

Wow rac is on the ropes

All those investors on the msg boards are asking how did this happen? The answers are on this site, read the posts. Rac is done, acima won't save them. Do your research before you invest in rac and i dont mean read the earnings reports and that... — read more 

Delinquency Numbers are FALSE

Take a look into any store, Check their extensions. All stores are told to use extensions to show a 3.5 for Friday and their 6.9 for Saturday. Some stores and districts are running 10% or more in extensions. Why do you think the percent collected is... — read more 

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| 2425 views | | 9 replies (last March 30, 2022)
Post ID: @OP+1cTRyjm7

Corporate is opening back again!

Insane how they are opening the corporate office even though covid cases are not getting better. So dumb. Hope those decision makers get covid.

Getting laid off from this place would be a blessing!

If I could leave this place with a severance, I'd jump at the opportunity. I can't emphasize enough how much this has turned from a relatively normal workplace into a toxic cesspool of nepotism and incompetence. Even simply doing your job can be a... — read more 

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| 2371 views | | 5 replies (last December 9, 2021)
Post ID: @OP+186WDQhR

Cuts

Any info on cuts to share? I am worried because the situation is very tense.

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| 1661 views | | 4 replies (last December 9, 2021)
Post ID: @OP+1cSjsMQu

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