Thread regarding Rent-A-Center Inc. layoffs

It’s over

Pack your bags, we’re being sold. Deal effective may 25th.

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Post ID: @OP+SWnfIyW

36 replies (most recent on top)

What’s the latest? Has there been any update on this rumor?

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Post ID: @zcqf+SWnfIyW

The more time that goes by, I hope they just let us stay how we are, and WE just fix what we need to fix and get better. Keep our jobs and let us work on the business. There's been so many distractions I can't imagine anyone would want to take this over. We can improve operations by not all the looking over our shoulder figuring and asking "ok what now". Keeping head up and hope we have a company to come work for in the next month.

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Post ID: @wovp+SWnfIyW

May 25th you say???

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Post ID: @vaiq+SWnfIyW

Doesn’t look like it.

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Post ID: @tezu+SWnfIyW

Has it been sold or not??? Anyone

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Post ID: @tein+SWnfIyW

Did they make a announcement a home office?

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Post ID: @qmjd+SWnfIyW

I told you so.......

Watch and learn, as everything unfolds and falls into place. Its a beautiful thing.

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Post ID: @pdyo+SWnfIyW

We’ll find out soon if you’re full of crap or not. I’m guessing you are.

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Post ID: @nwmm+SWnfIyW

no idea. Nothing has been announced yet.

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Post ID: @gaki+SWnfIyW

So what did it sell for ? $14.50 ?

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Post ID: @fhut+SWnfIyW

I thought Buddy's is under Vintage.

http://www.vintagecapitalmanagement.com/portfolio.php

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Post ID: @dsbe+SWnfIyW

I'm curious to know if there's any truth to the May 25th date.

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Post ID: @bwhx+SWnfIyW

Vintage Capital and Buddy's Rentals will be the new owners. No more stock...private ownership. The bad news for some of us...

Buddy's has no interest in keeping Anow. They just want the brick and mortar RTO locations

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Post ID: @bqwp+SWnfIyW

Selling a company is a long and complex process. Preparing for a sales process takes at least 12 months, and then the actual process itself can take another 12 months. If you think of selling your business as something similar to a very long multi-year enterprise sales cycle, you'll begin to realize that a business sales process is like any other sale process in that it can be broken down into its core component stages and elements.

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Post ID: @8naz+SWnfIyW

what time is the call? And what is the call in number? I'll ask her. lol

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Post ID: @8qbe+SWnfIyW

we have an all hands meeting every quarter after our earnings (loss) call. nothing new. anyone dare ask the CFO what the heck

they are doing? I’m gonna tell

her to stop stutering on the call and speak up.

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Post ID: @8avf+SWnfIyW

Tell that to the multiple employees being laid off in core RTO stores. Tenured employees at that...

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Post ID: @7aye+SWnfIyW

What is the all hands meeting about? When was it originally scheduled?

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Post ID: @7dxd+SWnfIyW

Even if we get bought out, does it really matter anyway for the FSC? It be a long process to fire and start over from scratch. Yea, a few upper management ppl might get the axe but I'm sure this isn't going to change much for the normal Joe's. After so many layoffs they had this year, we'Re pretty lean as it is.

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Post ID: @7dgi+SWnfIyW

Interesting... they just moved up the all hands meeting to tomorrow... can't wait to see what our shmuck CEO will say.

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Post ID: @7nrv+SWnfIyW

For those who don't think "getting bought doesn't mean you won't get a new address' please wake up. The whole deal won't work and no one can buy them unless they sack a ton of corporate expense. Read the word "synergies" that have been said by your senior management and potential buyers. Please Please don't be misled - there will be nothing left for you. Get out while the DFW area is still growing jobs.

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Post ID: @7qpz+SWnfIyW

Who cares who the buyer is - what is important is we can still have job. To leave or to stay is a personal decision.

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Post ID: @6qes+SWnfIyW

Speese buying out a company he left - Hmm...??? I don’t think it’s like a short-sale of a home. That was funny though.

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Post ID: @4yrb+SWnfIyW

Someone posted on another board that Speese is a potential winning candidate to buyout the company. Wouldn’t that be an unexpected outcome? Doubt there’s any truth to it, but someone threw it out there.

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Post ID: @3kuh+SWnfIyW

Vintage is an investor - if you will check their profile - the companies under their umbrella have their own corporate offices.

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Post ID: @3xdu+SWnfIyW

Is this true? If so, when will they let employees know?

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Post ID: @2rit+SWnfIyW

Time will tell?!? Ha! As if enough hasn’t been wasted already. If you’re a lower level employee please spare yourself and begin investing in yourself. Do NOT put your fate in the hands of this company any longer. Clearly it’s a business with no moral cultural background embedded. There are many companies willing to hire an educated or skilled employee. Not many skilled or educated employees (lower/upper level) at that company, but for those who are, please run as fast as you can. They will s--- your life soul from you, and I mean that in the most literal and figurative ways. Oh, and customers are being told ‘the process’. Collections are really about to be high as a giraffe’s @ss.

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Post ID: @2epu+SWnfIyW

I heard the same thing, but not as many specifics. Vintage buying us at the end of may.

For what it’s worth.

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Post ID: @2ayt+SWnfIyW

I guess time will tell.

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Post ID: @1qaw+SWnfIyW

Dont think OP really has info, just making a guess, pretty obvious company will be sold

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Post ID: @1xwg+SWnfIyW

Well deep down we all knew it was coming...................

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Post ID: @1eqq+SWnfIyW

Someone with a higher pay grade than me.

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Post ID: @1uod+SWnfIyW

Where did you hear this?

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Post ID: @1lim+SWnfIyW

Why pack? New ownership doesn't guarantee a new address

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Post ID: @1nkt+SWnfIyW

Vintage.

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Post ID: @1ctf+SWnfIyW

Who is the buyer?

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Post ID: @erw+SWnfIyW

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