Topics regarding layoffs at Roses

Roses company profile

Messages relating to layoffs at Roses are presented below the company info.

Company information:

Industry/Area of Activity:: Retailers: Broad Line & Apparel
Stock traded at:: N/A
Industry Code:: 5373
About Roses:: Roses Stores (AKA Roses or Roses Discount Stores) is a large regional discount store chain. The company's headquarters are located in Henderson, North Carolina. The chain has stores in fifteen states, primarily in the South (as of 2019). Some of the brands owned include: Roses, Roses Express, Maxway, Super 10, The Bargain Town, Bill's Dollar Store, Super Dollar.
Related companies:: Maxway | Variety Wholesalers | Kmart | Sears | Target Corp. | Best Buy | JCPenney | Costco Wholesale Corp. | Kohl's | Walmart | Stage Stores Inc. | Bon-Ton Stores Inc.

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Is this true? If it is, why is this happening? What will happen with the people who work there?