Thread regarding Rent-A-Center Inc. layoffs

RAC stock drops 6.10% on news of new regulations.

Rent-A-Center (NASDAQ:RCII) stock drops amid talk that regulators in California would have oversight over the rent-to-own industry under proposed new legislation. Other states could follow the lead of California down the road. Rent-A-Center is off 6.10%. Is the balloon about to burst with more layoffs coming in the near future?

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Post ID: @OP+13m7olhy

4 replies (most recent on top)

Fsc is staffed to the min but they still have hundreds of IT folks. Doesn’t make sense.

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Post ID: @Idcz+13m7olhy

There are still many underperforming stores left, many many remain!

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Post ID: @2uay+13m7olhy

Any future layoffs will probably target and close those under performing outlier stores laying off store personnel, with another round of DMs terminations and stretching the remaining DMs thin by giving them 15-20 stores to oversee. Mitch, Jim and the rest of the higher ups can keep their current workloads, hours and pay checks unaffected.

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Post ID: @2lgc+13m7olhy

I'll be surprised if they do more layoffs. The fsc is already staffed to the min. If they do, is mitch going to start working with the minions?

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Post ID: @2srx+13m7olhy

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