Rent-A-Center Inc. Layoffs

Topics regarding layoffs at Rent-A-Center Inc.

Outsider's Perspective

It's been interesting reading the messages on this board and I sincerely hope either things turn around or you can find a better opportunity. I'm neither long nor short the stock, and came across the company while reading about the Vintage deal so I... read more

New and improved rac

First test for new and improved rac, can they hit credit on Easter weekend (the right way)or will they not improve the lives of their customers and coworkers? Aarons get ready for some new customers!

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

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

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

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

It happened

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

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

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

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."

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

The dispute continues

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

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

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

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
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Post ID: @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
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Post ID: @XiMfZzt

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

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

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
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Post ID: @WLtUQjV

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

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

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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