Toys ‘R’ Us, currently trying to reorganize under bankruptcy protection, will close another 200 stores beyond the 182 closings announced in January (see “Toys ‘R’ Us Files to Close 182 Stores”), according to the Wall Street Journal.  The company will also lay off “a significant portion” of its corporate staff, according to the report. 

The initial wave of store closings affected about 4500 employees; this latest wave would presumably affect an even larger number.  This second round of closings will bring the number of stores down to roughly half the 800 U.S. stores the company had before the filing. 

The company has also stopped telling laid off employees that they will receive severance payments, according to the report.