Our store is having hours cut drastically, to the point we barely have any coverage, and there are even shifts where there will be only one person at front end. And this is all during the busiest time of the year. We got an email saying to make sure... — read more
Topics regarding layoffs at Rite Aid Corp.
On top of this reflecting the first full quarter under Heyward Donigan's watch,we should expect more clarity on both whether this company is truly headed in the 'rite' direction and the rumored changes to the BOD initially reported on the Y!Finance... — read more
Syms LinkedIn has been removed and Bodaken removed Rite Aid from his. Seems as if the integration with EnvisionRX and downsizing was all part of a bigger plan to partner with Pillpack. Rite Aid is going into E-commerce in a big way
Does anyone else think that Standley’s absurd and criminal “retention bonus” of 3 million dollars should be clawed back by Heyward Donigan and given in equal portions to all of the laid off Rite Aid employees? He didn’t deserve that money, he ran... — read more
What are your thoughts about potential Rite Aid Layoffs 2020? Any news or rumors?
Sounds like Heyward is cutting 401K matching for field leaders. Anyone know the legality of this?
Too many technicians spent too much time beautifying equipment installations that no customer saw, and meant nothing to the bottom line. Had incompetent FTS regional management not burdened field techs with make-work and administrative tasks and... — read more
Nearly 400 people will be laid off as a result of this... The rumors are true – Rite Aid will be closing two distribution centers in Falls... — read more
The new CIO announced on September 23, 2019, that all IT employees will be let go the week before Thanksgiving. Multiple IT departments are being outsourced to HCL Technologies. Last day will be November 22, 2019. This includes Field Technical... — read more
Who will it be?
While this will be Heyward Donigan's first as CEO,it will be still reflective of the the waning days under John Standley's watch as the honorable Ms. Donigan only came aboard a month or two ago.Let's not jump to any conclusions about the company's... — read more
This a copy and paste of a topic in the CVS forum. Thoughts?? OK so here goes... Amazon acquired online pharmaceutical company PillPack and Amazon now has a joint venture with Berkshire Hathaway and JPMorgan Chase on health care. Now Amazon is... — read more
Noticed some SEC filings today, that showed execs selling some shares right before earnings tomorrow. Stock actually did well today, up over 8%, but to have a nice rise ahead of earnings and then have execs sell? Something is up. Either short sellers... — read more
https://www.usatoday.com/story/money/2019/05/16/freds-store-closings-2019-retailer-closing-104-more-stores/3672457002/ Yes,this is the same company that would have bought over 800 Rite Aid locations had the full Walgreens acquisition been... — read more
Some Walgreens managers in California are saying that the Rite-aid stores in this state are going to be converted into Walgreens stores. As far as I know, Walgreens didn't go through with buying Rite-aid on the west coast. Is this just something to... — read more
https://www.bizjournals.com/memphis/news/2019/05/06/freds-outlines-substantial-doubt-about-ability-to.html https://www.bizjournals.com/memphis/news/2019/05/06/freds-earnings-show-steep-declines-more-store.html This is the same company that was in... — read more
Sadly, we knew more of these were coming, so this is not much of a surprise. A Beckley Rite Aid is closing its doors. The Rite Aid On Johnstown Road will close on May 20... — read more
The reverse stock split officially took effect yesterday,and so far there has been no net drop in the adjusted stock price two days in.It finally seems as if the shorties have finally been fleeced.As outdated as my store's interior is(rite Choice... — read more
I know the execs/shareholders approved the reverse stock split, (set to take place next monday), but now we're down to 45 cents, and still dropping?? If this keeps up there won't be anything left to split! I thought the last earnings report wasn't... — read more
The first quarterly earnings since the March 12 shakeup produced a split decision(narrowed loss with a revenue drop with revised guidance)though wall street didn't treat it that way.Plans are in the works to add Amazon lockers at over a third of the... — read more
I heard that Walgreens said they would be closing another ~150 locations that they bought from us instead of converting them to Walgreens. Is this true? Is your store closing? If yes, did they offer you a job? When is this going down? Post any... — read more
Ever since the 'bloodbath' at 30 Hunter Lane that fateful March 12,there has been a lot of 'the sky is falling!' water cooler talk of the rumor and/or fear mongering variety;and at least half of it has been originated by outsiders(non-RA... — read more
rumor around the campfire (depending on who you subscribe to) cvs is going to merge with ra that is why standley resigned.. again its rumors that are flying so who knows
is a guy in the trench I'm hoping things will turn around but who knows...theres not much out there
Just because rite aid is on the bottom doesnt mean it will go up. Its a penny stock buddy. Someone drinking the Kool Aid. I for sure see this company folding before end of the year. Literally 50 cents a share and they think it will go up, its going... — read more
Most people don't get the memo until it lands on their heads. Rite-Aid is just one of hundreds of major corporations axing people the past year or so. The media is even starting to admit the economy is falling apart, which means it has been for a... — read more
My question is why do you rite aid people stay with a failing organization like Rite Aid. 401k is failing, company is doomed in the long run. Especially managers, i work for CVS in Sacramento and we are hiring like crazy, SM, ASM and especially... — read more
So with 400 layoffs in corporate, what does this mean for the stores? Yea I'm sure things will get harder to get accomplished. But what about the employees in stores? I see it as it's only a matter of time before the stores start closing. But any... — read more
Rite Aid is done. Everybody can see there is no future here. If you are smart, you are already looking for a new job.
Now that we know Standley is out for sure, does anybody think whoever they bring in as his replacement will be any better? I'm not saying it's impossible, but it is very improbable. I'm also afraid that once we have new leadership, they'll want to... — read more
Stock about 70c, no real plan, priorities that change with the wind. Yes-layoffs in March with new fiscal year at corporate. They can do more with less as the field and stores have done for a long time. Can’t pull labor from stores anymore. There’s... — read more
...whose longtime home store closed this past summer, the best thing I can do in the wake of today's bloodbath/shakeup at 30 Hunter Lane is take this with a grain of salt and hope no further closures occur in NorCal anytime soon(8 Sactown-area... — read more
Given the sorry state of Rite Aid's IT I am surprised the cuts are not deeper. The senior lineup is clueless and if we were to pull the plug on them nobody would notice. When it comes to grunts like you and me, people are hard working and it's OK... — read more
Valley Green lost about 1/3 of its work force yesterday. In total they are looking at about 400 workers being let go. — read more
Lay offs confirmed. They not done. 200 got laid off yesterday. There 200 more to come. I survived for now. But my department lost 50 percent of our staff. You work for rite aid corp, I suggest get other work asap. There is more they are not... — read more
Do we have any idea if all 400 people have been notified or if we can expect to learn about more layoffs before the end of the week? Also, any ideas on what was hit the hardest? I know of departments that didn't lose anybody (yet) so it'd be nice to... — read more
What's the update today?
Heard thru the grapevine. Given 10 min to pack up. Any confirmations out there?