Drugstore chain Rite Aid is filing for bankruptcy again, eight months after emerging from a previous Chapter 11 filing in September 2024.

Rite Aid began its first round of layoffs after filing for Chapter 11 bankruptcy protection this week while also putting all its brick-and-mortar operations up for sale. Hundreds of workers lost their jobs Monday, and hundreds more will lose their jobs in June.

A Chapter 11 filing would mark Rite Aid’s second bankruptcy in less than three years. The retailer first filed Chapter 11 in October 2023, using its time in court to cut $2 billion in debt and close roughly 850 locations as part of a plan that handed control of the business over to lenders.

A Chapter 11 filing would mark Rite Aid’s second bankruptcy in less than three years. The retailer first filed Chapter 11 in October 2023, using its time in court to cut $2 billion in debt and close roughly 850 locations as part of a plan that handed control of the business over to lenders.