LOS ANGELES (CBSLA) — Toys ‘R’ Us announced that it will be closing an additional 200 stores due to poor sales performance during the holiday season.

The toy retailer also plans to lay off a significant portion of its corporate staff, according to the Wall Street Journal.

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This new wave of closures comes after the company announced last month that it would be closing over 180 of its nearly 880 U.S. stores, affecting 4,500 workers.

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Toys ‘R’ Us, which has over 1,600 stores worldwide, will also reportedly be taking back a promise to offer severance pay.

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Closures are expected to begin in February, most of which are set to take place in April.