“There's no job loss or any layoffs,” Mr. Olson said. “In fact, we're hiring. This will not impact our corporate positions.” Olson said this regarding the HQ move. Does anybody buy this?
On top of store closures in the past 2 years being relatively minimal(one competitor has been closing more stores than us during that span),the new focus is clearly to shore up existing stores(despite a lot of non-core merchandise being phased out... — read more
Our store cut hours ansld multiple fulltime employees were told they could either be laid off, go part time with 24 hours and no chance for 40 again, or transfer to another store and hope you get more hours. One of them transferred and is getting... — read more
What's your prediction as it relates to the possiblity of Rite Aid Layoffs 2021? Any news or rumors?
From the Seeking Alpha board: Well, as I noted yesterday, we were not going to get any profits and here we are with a near 20% drop in the stock price. Once again, ZERO profits yet the CEO of Rite Aid has decided to piss away $350 million in... — read more
We all know more layoffs are going to happen sooner rather than later so this wait is driving me insane. I've been trying to find a new job but I've been here long enough that whatever I find doesn't pay enough for me to make the switch right now... — read more
https://abcnews.go.com/Business/wireStory/walgreens-picks-rite-aid-ceo-president-72725277 I'd really love to see how he screws up in his new role,as for the year-and-a-half or so Walgreens has been closing much more stores than us.Not to mention... — read more
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 have been goin on today in IT and Category management.
6/24/20 they have been laying off all day.
How do you see things - what will happen next?
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
Anyone has facts? How many people work at the main office at Camp Hill?
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
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