{"id":28857,"date":"2024-12-20T20:02:37","date_gmt":"2024-12-20T20:02:37","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2024\/12\/20\/party-city-shutters-after-nearly-40-years-firing-workers-without-severance-pay\/"},"modified":"2024-12-20T20:02:37","modified_gmt":"2024-12-20T20:02:37","slug":"party-city-shutters-after-nearly-40-years-firing-workers-without-severance-pay","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2024\/12\/20\/party-city-shutters-after-nearly-40-years-firing-workers-without-severance-pay\/","title":{"rendered":"Party City shutters after nearly 40 years, firing workers without severance pay"},"content":{"rendered":"<p>Company went into bankruptcy in January 2023 under $1.7bn in debt, but remaining $800m too much to overcome<\/p>\n<p>The party is over at Party City, once the largest supplier of balloons and other fun-time supplies in the US, as the company announced Friday it was closing down all of its stores, ending nearly 40 years in business.<\/p>\n<p>Barry Litwin, the Party City CEO, told employees that the chain was \u201cwinding down\u201d operations immediately and that today would be their last day of employment.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2024\/dec\/20\/party-city-closes\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company went into bankruptcy in January 2023 under $1.7bn in debt, but remaining $800m too much to overcome The party is over at Party City, once the largest supplier of balloons and other fun-time supplies in the US, as the company announced Friday it was closing down all of its stores, ending nearly 40 years &#8230; <a title=\"Party City shutters after nearly 40 years, firing workers without severance pay\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2024\/12\/20\/party-city-shutters-after-nearly-40-years-firing-workers-without-severance-pay\/\" aria-label=\"Read more about Party City shutters after nearly 40 years, firing workers without severance pay\">Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28857","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/28857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=28857"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/28857\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=28857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=28857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=28857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}