Thread regarding Rent-A-Center Inc. layoffs

No merger

Anybody knows how this will affect us? Will we see more or fewer layoffs than if the merger had gone through? Same for closings?

This guessing game is really stressful. I can't decide if this is good or bad news for Rent-A-Center employees.

https://www.retaildive.com/news/rent-a-center-ditches-vintage-capital-merger/544629/

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Post ID: @WGXPOfj

15 replies (most recent on top)

I found a better job! And so comfortable. Only 10 seconds from my bed and pays the same.

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Post ID: @WGXPOfj-hmwv

Why employees who left are coming back?

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Post ID: @WGXPOfj-4kju

RAC doesn't care about its employees. Period, you will work hard day in and day out and for nothing not even a good job after a long days work. Managers are like school girls calling each other and gossiping and saying they do this and do that, bunch of BS. Lazy business over all if you do work hard and are a decent human being find a better job cuz they don't care.

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Post ID: @WGXPOfj-4fvh

One thing you can count on is the never ending pressure to manipulate numbers, get out while the getting is good.

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Post ID: @WGXPOfj-3fbm

Need to think twice before leaving RAC - employees who left are actually returning. Sometimes it is worth the wait - no one knows what we'll gonna get. Just two things - it is either better or worst.

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Post ID: @WGXPOfj-3hxz

@WGXPOfj-2ccy - Were you able to find a better job? Was asking because announcements from corporate communication showed new employees are rehires.

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Post ID: @WGXPOfj-2ull

I’ve seen this coming for a long time. The cutbacks are killing the stores and forcing the quality coworkers out the door fast. Glad I got out when I did before it killed me.

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Post ID: @WGXPOfj-2ccy

THE DEAL Is still on, just a bunch of manipulation of stock price. Who is still buying and trading this stock? Insiders? FTC investigation?

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Post ID: @WGXPOfj-2dfc

The worst is yet to come.

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Post ID: @WGXPOfj-2tjo

This is weird

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Post ID: @WGXPOfj-2ddm

Termination of agreement invalid - https://www.marketwatch.com/story/vintage-capital-calls-rent-a-centers-termination-of-merger-deal-invalid-2018-12-18

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Post ID: @WGXPOfj-1bjk

I wish to hear some valid info - not angry post.

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Post ID: @WGXPOfj-1rst

I say merger or no merger rac is still in trouble, the deal is still on, just like the last announcement. It's all just lies.

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Post ID: @WGXPOfj-1kjv

Here is the deal. 1. Store closing will still happen because the aor size needs to be at least 700 to turn a profit. 2. Rac rds and vps will continue to pressure coworkers so much they will continue to have fake Ds and fake 6.9. Wall Street hates fake so their view of rac will be negative which equals low stock. I predict 7.00/share. Take the time you've been given to polish up your resume and find a new job.

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Post ID: @WGXPOfj-1xgi

We have 3rd party advisers whose main function is to protect the interest of RAC. We have waited this far, we just want to hope at least for the best.

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Post ID: @WGXPOfj-gln

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