Rite Aid Corp. Layoffs

Topics regarding layoffs at Rite Aid Corp.

Things are about to go from bad to worse

With the pandemic speeding up what seems to be inevitable, we are already popping up on lists of retailers most likely to file for bankruptcy before the end of the year. And we all know what that brings: not just layoffs, but layoffs without... —  read more 

layoffs

6/24/20 they have been laying off all day.

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Post ID: @OP+15CfEpEm

Self checkout

One of the stores near me is being cut from being 24 hours, and is installing self checkout. The 24 hours thing isn't bad, but self checkout sounds like a disaster. People already steal with no problems, people will still need a cashiers assistance... —  read more 

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Post ID: @OP+13rqe0NF

Hour cuts for holidays

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 

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Post ID: @OP+12uQ2U2U

8 days 'till 2019Q3 earnings...

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 

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Post ID: @OP+12tJyOlS

Bodaken and Syms out

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

Field Service was overstaffed

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 

All IT employees will be let go

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 

Thursday earnings report

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 

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Post ID: @OP+11bGHcLW

Amazon making a play for Rite Aid?

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 

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Post ID: @OP+ZNCZozJ

Not a good sign??

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 

Rite-aid becoming Walgreens on west coast?

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 

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Post ID: @OP+YWGYQGE

Proof of how worse off we could be

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 

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Post ID: @OP+YV6RTLM

Another closure...

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 

A new prosperous era for RAD,hopefully...

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 

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Post ID: @OP+YItR7br

What is up with stock?

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 

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Post ID: @OP+YA0IfF3

No worst case scenario in today's earnings report.

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 

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Post ID: @OP+Yx43Osu

More store closing?

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 

merger

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

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Post ID: @OP+Ygz74tf

layoffs

is a guy in the trench I'm hoping things will turn around but who knows...theres not much out there

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Post ID: @OP+YbYRzik

The Memo

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 

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Post ID: @OP+Y7ZUgN3

Why stay?

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 

Other layoffs?

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 

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Post ID: @OP+Y6nOKVf

Face it

Rite Aid is done. Everybody can see there is no future here. If you are smart, you are already looking for a new job.

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Post ID: @OP+Y4TwTEl

Will anything change?

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 

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Post ID: @OP+Y46Lq6x

No real plan

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 

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Post ID: @OP+Y4XoudL

Being a 20-year RAD store-level veteran...

...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 

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Post ID: @OP+Y4CEh4X

State of Rite Aid IT

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 

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Post ID: @OP+Y4IMycB

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