What are your thoughts about potential Rite Aid Layoffs 2020? Any news or rumors?
3 replies (most recent on top)
Heard more layoffs in the category management team coming soon
Two days into the new year,all quiet on the western front.According to the 2020 Q3 earnings report,no significant change in store count is anticipated among continuing operations at least during the balance of the fiscal year(according to the conference call with link below)in addition to a negligible change in store count this past quarter,as store closures among continuing operations have largely been suppressed in general since the March 12 c-suite shakeup.At this point last year,a large closure round(which affected an old colleague of mine that I worked with at my defunct old store)was already announced in the waning days of 2018.Chances are,if there were closures at the end of 2020 Q4,they would have already been announced to us.
As for the link I promised:
Jeffery got laid off from YF board and is now Charm.