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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Fsc is staffed to the min but they still have hundreds of IT folks. Doesn’t make sense.
There are still many underperforming stores left, many many remain!
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.
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?