What an awful Christmas gift for the thousands of people affected by this news.
The party supply store Party City announced today that they are closing every single location effective at the end of business hours today.
CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is 'winding down' operations immediately and that today will be their last day of employment.
'That is without question the most difficult message that I've ever had to deliver,' Litwin said at the meeting, which was held on a video conference call.
Litwin was only hired on as CEO 4 months ago, and at that point Party City was well on their way to bankruptcy and collapse. Simply put, it looks like he didn't have time to fix things.
Party City is the largest party supply store in the United States. The company had approximately 6,400 full-time and 10,100 part-time workers as of 2021.
Bidenomics has really kept us all from celebrating these last four years, huh?
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