CheckSmart bouncing employees as losses mount
Dublin-based Community Choice Financial (owner of CheckSmart and several other payday lending companies) has seen losses mount this year. The company lost more than $4 million in 2014, and has said ‘goodbye’ to more than $13 million so far in 2015. The figures come from the company’s latest earnings report.
The company owns hundreds of stores in 15 states and in the last 6 months has closed eight of those operations taking their total from 543 stores to 535. They’ve also put a hold on opening new locations. In addition, they’ve cut more than 11% of their workforce…more than 400 employees.
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