Deep employee cuts and more store closings to be announced. More DCs being closed and possible building update for their headquarters. Pier 1 possibly leaving down town Fort Worth?
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50% of the IT staff was laid off. Luckily in DFW IT is really hot.
40% reduction at HQ, according to Bloomberg https://www.bloomberg.com/news/articles/2020-01-06/pier-1-planning-40-cut-to-headquarters-staff-weighs-bankruptcy