(WHTM) – Rite Aid, the once-time pharmacy giant previously headquartered in Cumberland County, intends to file for bankruptcy a second time and cut jobs. The news was first reported by Bloomberg.

The company says stores will remain open at this time, and they’ll work with customers to transfer prescriptions to other pharmacies.

In a letter from Rite Aid CEO Matthew Schroeder to employees obtained by abc27, Schroeder states that a first round of employment termination would begin on May 5.

“We apologize that we were unable to provide more advance notice of this action,” the letter states. “We are providing this notice to you as soon as practicable. Rite Aid has been actively seeking capital, including negotiating with its lenders for additional capital to continue to run its business. Unfortunately, our efforts were unsuccessful.”

The letter continues to state that the company will refile for Chapter 11 bankruptcy protection amid increased costs, including tariffs.”

In April, retail expert Garrick Brown told abc27 that the company would likely consider a second bankruptcy filing and that “It’s definitely not looking like Rite Aid’s long for this world.”

Last summer, Rite Aid announced the impending closures of nearly 40% of its stores (nearly 800) after filing for bankruptcy in October 2023. The company emerged from that bankruptcy filing in September after closing all of its Michigan locations and nearly all stores in Ohio.

Rite Aid was based in Camp Hill until it relocated to Philadelphia in 2022. The company’s first store, “Thrif D Discount Center,” opened in Scranton more than 60 years ago.

The Wall Street Journal previously reported last month that Rite Aid might consider a second Chapter 11 bankruptcy filing.