Thread regarding Party City Holdco Inc. layoffs

Layoffs today

Party City corporate office in New Jersey handed lay offs today to a few of their employees that have bene there for many years, in a move to save money.

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| 3202 views | | 5 replies (last January 10)
Post ID: @OP+13nW6fV2

5 replies (most recent on top)

So, PC had started laying off since January 6? And still more to come I think as I was let go yesterday and 2 more of my colleague. This is the beauty of hiring a wrong CEO who wants to go big in a COVID aftermath. Moving into a bigger office space were money is tight. No one should hire him at all. He got a golden parachute of 5 Mil (I think). Guess he could retire.

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Post ID: @n8pwd+13nW6fV2

It's also true of Party City online in Pleasanton, CA. I was one of the casualties.

The company has $3B in liabilities and faces the same problem as many other retailers – declining store revenue.

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Post ID: @4iia+13nW6fV2

48 employees in the Rockaway, NJ office alone were let go...most of which have been there for 10+ years. And more across the country in their smaller offices. Extremely sad day for these people and their families.

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Post ID: @1yqu+13nW6fV2

Wow yes heard the company is doing very poorly ...

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Post ID: @1zwh+13nW6fV2

It wasn’t just the rockaway office, it was company wide and everyone was affected by this. Many people lost their jobs today in an effort to keep party city open. It’s extremely unfortunate. It’s an easy assumption over 100 people got laid off today or more!

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Post ID: @1vmn+13nW6fV2

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